Commerce Twp Real Estate Market Update

In the month of September 2009 Commerce Township currently had 129 ACTIVE residential homes for sale.

Average List Price $246,195.00
Highest List Price $875,000.00
Lowest List Price $15,000.00

Average Days On Market 148

real estate graphs

Commerce Township had 36 PENDING residential homes.

Average List Price $150,003.00
Highest List Price $624,900.00
Lowest List Price $32,918.00

Avg. Days On Market 80

Commerce Township had 38 closings or residential homes that SOLD.

Average Sold Price $155,532.00
Highest Sold Price $400,000.00
Lowest Sold Price $38,505.00

Avg. Days On Market 121

So what does that mean for you?

If you own a home in Commerce Township and you are planning to sell it, you can expect it to be on the market an average of 4 months. How realistically you set the price of your home will have an impact on how quickly or slowly your home sells.

If you are planning to buy a home, it’s still a buyers market and there are plenty of homes in a wide variety of prices to choose from. Although there are homes available for as little as $15,000, the current average asking price in the Commerce area is in the $200,000 range but the average selling price in September 2009 was around $155,000.

If you’d like an idea of the value of your home or are looking to buy a home in Commerce Township, contact me here:

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