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Commerce Township, MI Real Estate & Property Data

Commerce Township Real Estate Market Trends

Last Updated: April 30, 2024

Accurate and comprehensive real estate data is critical for insight into Commerce Township, MI. ATTOM’s Commerce Township real estate data is updated daily, and current market trends show that in Commerce Township, MI a total of 311 residential properties have sold over the past year. With a median home price of $506,000 in Commerce Township. Get detailed property data for Commerce Township, MI instantly. ATTOM is your one-stop-shop for the Commerce Township property reports and real estate data you need in Commerce Township, MI.

Commerce Township Real Estate Market Trends

Get property data for any address in Commerce Township, MI or the country:

Total Residential Properties 8,667

Total Commercial Properties 222

Avg. Home Age (Single Family Home) 49 Years

Avg. Square Feet (Single Family Home) 2,001

Total 2024 Residential Sales (year-to-date) 50

% of Homes Seriously Underwater (Q2 2024) 1.2%

Total 2023 Residential Sales 299

% of Equity Rich Homes (Q2 2024) 47.79%

Effective 2023 Property Tax 0.97%

Total Foreclosure Filings (year-to-date) 4

Commerce Township, MI Real Estate Overview

There were 311 residential properties sold in the past year in Commerce Township, MI. The median home value in Commerce Township, MI is $421,534. There are a total of 8,667 residential properties in the Commerce Township.

Median Sales Price i

$506,000

(Mar 2024)

+88.8%

year-over-year

y-o-y

March '24 Mar '24 $506,000
February '24 Feb '24 $380,500
January '24 Jan '24 $298,000
December '23 Dec '23 $350,000
November '23 Nov '23 $343,500
October '23 Oct '23 $382,500
September '23 Sep '23 $440,317
August '23 Aug '23 $464,000
July '23 Jul '23 $300,000
June '23 Jun '23 $340,000
May '23 May '23 $385,000
April '23 Apr '23 $397,500

Median Down Payment i

$109,200

(Mar 2024)

+360.8%

year-over-year

y-o-y

March '24 Mar '24 $109,200
February '24 Feb '24 $151,960
January '24 Jan '24 $14,900
December '23 Dec '23 $60,000
November '23 Nov '23 $55,200
October '23 Oct '23 $71,500
September '23 Sep '23 $73,550
August '23 Aug '23 $23,750
July '23 Jul '23 $65,000
June '23 Jun '23 $56,000
May '23 May '23 $40,000
April '23 Apr '23 $37,350

Number of Homes Sold i

18

(Mar 2024)

-25%

year-over-year

y-o-y

March '24 Mar '24 18
February '24 Feb '24 16
January '24 Jan '24 16
December '23 Dec '23 23
November '23 Nov '23 21
October '23 Oct '23 23
September '23 Sep '23 30
August '23 Aug '23 33
July '23 Jul '23 24
June '23 Jun '23 36
May '23 May '23 30
April '23 Apr '23 17

Number of Purchase Loans i

11

(Mar 2024)

-42.1%

year-over-year

y-o-y

March '24 Mar '24 11
February '24 Feb '24 15
January '24 Jan '24 14
December '23 Dec '23 17
November '23 Nov '23 24
October '23 Oct '23 17
September '23 Sep '23 27
August '23 Aug '23 25
July '23 Jul '23 17
June '23 Jun '23 24
May '23 May '23 21
April '23 Apr '23 22

Number of REFI Loans i

12

(Mar 2024)

-14.3%

year-over-year

y-o-y

March '24 Mar '24 12
February '24 Feb '24 19
January '24 Jan '24 16
December '23 Dec '23 16
November '23 Nov '23 10
October '23 Oct '23 17
September '23 Sep '23 15
August '23 Aug '23 11
July '23 Jul '23 16
June '23 Jun '23 19
May '23 May '23 19
April '23 Apr '23 18

Number of HELOC Loans i

14

(Mar 2024)

+75%

year-over-year

y-o-y

March '24 Mar '24 14
February '24 Feb '24 8
January '24 Jan '24 10
December '23 Dec '23 13
November '23 Nov '23 19
October '23 Oct '23 15
September '23 Sep '23 10
August '23 Aug '23 15
July '23 Jul '23 12
June '23 Jun '23 14
May '23 May '23 22
April '23 Apr '23 10

Commerce Township, MI Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

48382
$421,534 $210.68/sqft

Commerce Township, MI Foreclosure Activity

Total Foreclosure Filings i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 4
December '23 Dec '23 2
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 1
August '23 Aug '23 2
July '23 Jul '23 3
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 N/A

Foreclosure Starts i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 4
December '23 Dec '23 2
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 1
August '23 Aug '23 2
July '23 Jul '23 3
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 N/A

Completed Foreclosures (REOs) i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 1
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A

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