Commerce Township, Michigan Real Estate Market Report 2026

What's Happening in Commerce Township Real Estate Right Now?

The Sonic Loans team monitors Commerce Township market conditions weekly, and here's what we're seeing: The real estate market in Commerce Township, Michigan, is characterized by a median home price of $657,400 and a limited active inventory of just 18 homes. This indicates a market with low supply and extended selling times, as homes are spending an average of 295 days on the market. With homes selling in an average of 295 days, Commerce Township appears to be a buyer's market, offering more negotiating power to buyers who are patient.

With homes averaging 295 days on the market, Commerce Township provides a unique opportunity for buyers looking for leverage in negotiations.

Is Commerce Township a Buyer's or Seller's Market?

A common question we hear at Sonic Loans is: 'Should I buy now or wait?' For Commerce Township residents, the extended average days on market and limited inventory suggest a buyer's market. This means that buyers may find more favorable conditions to negotiate better prices and terms. However, sellers need to be strategic with pricing and marketing to attract buyers in this climate.

For buyers, the current market conditions offer the potential to negotiate on price and terms. For sellers, the necessity to differentiate their listings and perhaps adjust expectations is crucial to achieving a successful sale.

How Do Current Interest Rates Affect Commerce Township Buyers?

The national average 30-year mortgage rate is 6.16% according to Freddie Mac PMMS, which directly influences buying power and monthly affordability. Our lending team at Sonic Loans helps Commerce Township buyers understand their options, including FHA loans with 3.5% down and VA loans for veterans. Importantly, our average closing time is under 2 weeks, significantly faster than the industry standard of 30-45 days, offering Commerce Township buyers a speed advantage in securing their home financing.

The national average 30-year fixed mortgage rate is 6.16% according to Freddie Mac PMMS, impacting buyer affordability in Commerce Township.

Commerce Township Price Trends: What's Next?

Sonic Realty agents on the ground in Commerce Township are seeing a stabilization in home prices due to the longer average days on market. While prices remain relatively high, the extended time on the market suggests that price adjustments could be on the horizon if inventory does not increase. Buyers can expect potential opportunities to negotiate, whereas sellers should be prepared to position their homes competitively.

Actionable Advice for Commerce Township Buyers

Here are some insider tips for buyers in Commerce Township:

Get Pre-Approved: Before you start house hunting, get pre-approved with Sonic Loans to understand your budget and enhance your negotiating position.
Leverage Negotiation Opportunities: With homes lingering on the market, use this as an opportunity to negotiate on price and closing terms.
Explore Financing Options: Consider MSHDA programs for first-time buyers or FHA loans to make homeownership more accessible.
Act Decisively: When you find the right home, act quickly to secure it, especially if it meets all your criteria.

Actionable Advice for Commerce Township Sellers

Sellers in Commerce Township should consider these strategies:

Competitive Pricing: Price your home competitively based on recent comparable sales to attract interest.
Enhance Curb Appeal: Invest in minor improvements and staging to make your property stand out.
Flexible Showings: Be accommodating with showings to increase the number of potential buyers who see your home.
Market Aggressively: Use diverse marketing strategies, including online listings and open houses, to reach more buyers.
Work with Experienced Agents: Collaborate with Sonic Realty for expert guidance and market insight tailored to Commerce Township.

Sellers we work with in Commerce Township have found that strategic pricing and staging significantly enhance buyer interest.

KEY TAKEAWAYS

Commerce Township's real estate market is currently a buyer's market with a median home price of $657,400 and extended days on market.
The national average 30-year mortgage rate is 6.16% according to Freddie Mac PMMS, influencing buyer affordability.
Sonic Loans offers a speed advantage with under 2-week average closing times, faster than typical lenders.
Buyers should leverage negotiation opportunities, while sellers must focus on competitive pricing and marketing strategies.
Sonic Realty provides expert guidance tailored to the Commerce Township market.

Whether you're looking to buy or sell in Commerce Township, our team at Sonic Loans is ready to provide expert guidance and personalized solutions. Call us at (313) 488-4888 or visit our website for a free consultation.

RATE DISCLAIMER: The rate of 6.16% referenced in this article is the national average 30-year fixed mortgage rate as reported by the Freddie Mac Primary Mortgage Market Survey (PMMS), published weekly and retrieved via Federal Reserve Economic Data (FRED). This is NOT an advertised rate or APR for any specific loan product offered by Sonic Loans.

Actual mortgage rates and Annual Percentage Rates (APR) offered by Sonic Loans will vary based on:

Credit score and credit history
Down payment amount
Loan amount and property value
Property type and location
Loan term and type

For current rate quotes and APR information specific to your situation, contact Sonic Loans at (313) 488-4888 or visit sonicloans.com. NMLS #1955855. Equal Housing Lender.

Fair Housing Notice: We are committed to the letter and spirit of the Fair Housing Act. We do not discriminate on the basis of race, color, religion, national origin, sex, familial status, or disability.

NMLS #1955855 | Equal Housing Lender

Rates shown are for informational purposes only and are subject to change. Your actual rate will depend on your credit score, loan amount, and other factors.

Sonic Loans is licensed in: Michigan, Florida, Texas, California, Colorado.