Why Live in Commerce Township
Commerce Township in Oakland County, MI, is a suburban area located 32 miles northwest of Detroit. Originally a resort destination, it has grown into a permanent home for over 40,000 residents. The township is known for its rural environment and abundant water activities, thanks to the Huron River runoff that flows into several scenic lakes. Residents enjoy outdoor recreation at Proud Lake State Recreation Area, which spans 3,000 acres and offers camping, fishing, hiking, mountain biking, skiing, and horseback riding. Commerce Township features large homes with private piers along 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. The community is car-dependent, with driveways, attached garages, and back patios being central features.
Families benefit from highly rated schools within the Walled Lake Consolidated Schools district, including Commerce Elementary, Clifford H. Smart Middle School, and Walled Lake Northern High School. The high school offers Career and Technical education programs in architecture, cybersecurity, and engineering. For things to do, residents can visit Dodge Park, Wise Woods Park, and Robert H. Long Nature Park for walking, cycling, and enjoying nature. Golf enthusiasts frequent Bay Pointe Golf Club, while dining options include The Lakes Bar & Grille, Uptown Grille, and It’s A Matter of Taste. Long Family Orchard, Farm & Cider Mill is popular for fresh cider and seasonal activities. Commerce Township is conveniently located near I-96, M-59, and M-5, with Detroit Metropolitan Wayne County Airport 35 miles away.
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 $472,590.
How many homes have sold over the last 12 months in Commerce Township, MI?
365 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 $399,900. If you put a 20% down payment of $80,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $2,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $89K 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 30 days on the market compared to the national average of 51 days. The median sale price for homes in Commerce Township, MI over the last 12 months is $370,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$370,000
Median Single Family Sale Price
$427,000
Median Townhouse Sale Price
$414,245
Median 2 Bedroom Sale Price
$243,750
Average Price Per Sq Ft
$229
Number of Homes for Sale
70
Last 12 months Home Sales
365
Median List Price
$399,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
1%