Litchfield Real Estate Market

Litchfield Market

The median sale price for homes in Litchfield over the last 12 months is $79,170.


The median mortgage debt is $73,196.

Additional Statistics for Single Family Homes and Condos in Litchfield, MI
$90,460
Median Listing Price
135
Median Days on Market
24
Active Listings
4.2%
Distressed Listings
(foreclosures and short sales)
Litchfield, MI Price Trends - Sold vs. Listed

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

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Litchfield, MI Market Inventory Trends

The median number of days active properties have been listed is 87.

The number of sales in January dropped by 80% from the previous month.

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Litchfield, MI Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.