Why Live in Commerce Township
Commerce Township, a suburban area in Oakland County, is located 32 miles northwest of Detroit and offers a rural environment with numerous natural recreational activities. The Huron River flows through the township, leading to several scenic lakes that are perfect for water activities. Proud Lake State Recreation Area spans 3,000 acres along the river, providing opportunities for camping, fishing, hiking, mountain biking, skiing, and horseback riding. The neighborhood features lake-front homes with private piers on North and South Commerce Lakes, Lake Sherwood, Lower Straits Lake, and Long Lake. Home styles range from townhomes and upscale condos to Cape Cods and contemporary Neo-traditional homes, with driveways, attached garages, and back patios being common features. Commerce Township is served by the highly rated Walled Lake Consolidated Schools, including Commerce Elementary, Clifford H. Smart Middle School, and Walled Lake Northern High School. For things to do, residents can visit Dodge Park, Wise Woods Park, and Robert H. Long Nature Park for walking, cycling, and enjoying nature. Dining options include The Lakes Bar & Grille, The Dunes Sports, Uptown Grille, and It’s A Matter of Taste, while Long Family Orchard, Farm & Cider Mill offers fresh cider and seasonal activities. Grocery shopping is convenient with stores like Kroger, Aldi, Meijer, and Zerbo’s Market & Bistro. Commerce Township has a lower crime rate compared to the national average, and its proximity to I-96, M-59, and M-5 makes commuting easy.
Frequently Asked Questions
What is the average home price in Commerce Township, MI?
Homes for sale in Commerce Township, MI have an average home price of $479,295.
How many homes have sold over the last 12 months in Commerce Township, MI?
375 homes have sold in Commerce Township, MI over the last 12 months.
What are the most popular zip codes in Commerce Township, MI?
How much do you need to make to afford a house in Commerce Township?
The median home price in Commerce Township is $419,900. If you put a 20% down payment of $84,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,180 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Commerce Township.
How are the schools in Commerce Township, MI?
Home Trends in Commerce Township, MI
On average, homes in Commerce Township, MI sell after 32 days on the market compared to the national average of 50 days. The median sale price for homes in Commerce Township, MI over the last 12 months is $385,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$385,000
Median Single Family Sale Price
$441,000
Median Townhouse Sale Price
$440,990
Median 2 Bedroom Sale Price
$240,000
Median 1 Bedroom Sale Price
$180,000
Average Price Per Sq Ft
$233
Number of Homes for Sale
70
Last 12 months Home Sales
375
Median List Price
$419,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%
