Litchfield Real Estate
5 active listings · 28 sold in the past 12mo
$309,999
Median List Price
28
Sold (past 12mo)
60
Avg Days on Market
+6.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(5)
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For Sale
1/43
$599,900
11850 Cook Road, Litchfield, MI 49252
4 bd3 ba3,411 sqft5.90 ac
Single Family
For Sale
1/15
$319,900
12650 Van Wert Road, Litchfield, MI 49252
4 bd2 ba2,662 sqft1.70 ac
Single Family
For Sale
1/31
$309,999
217 W Birch Street, Litchfield, MI 49252
3 bd2 ba1,694 sqft0.45 ac
Single Family
Under Contract
1/16
$197,900
316 E Saint Joe Street, Litchfield, MI 49252
3 bd2 ba1,674 sqft0.89 ac
Single Family
Under Contract
1/26
$179,900
10020 Hadley Road, Litchfield, MI 49252
3 bd2 ba1,296 sqft1 ac
Mfg Home
Recently Sold(28)
Frequently Asked Questions about Litchfield
What is the current real estate inventory in Litchfield?
There are currently 5 active listings in Litchfield. The median asking price is $309,999.
What are home prices like in Litchfield?
Homes in Litchfield sell for a median of $309,999, drawn from 28 transactions over the past year.
What is the average days on market in Litchfield?
The average days on market in Litchfield is 60, based on 28 recent transactions.
Which school districts cover Litchfield?
Litchfield is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Litchfield may be zoned for different districts. Check individual listings for the specific school district assignment.
How competitive is the Litchfield real estate market?
With 2.1 months of inventory, Litchfield is currently a seller's market. This is based on 5 active listings and 28 sales in the past 12 months.
What are property taxes like in Litchfield?
Michigan property taxes in Litchfield are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Litchfield?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Litchfield is +6.5%. Shrinking household sizes (from 2.27 to 2.33 persons per household) have increased the number of households needing housing by 36 since 2009 — independent of the 9.3% population growth. This is a secondary demographic indicator, not a primary market measure.