Canton Twp Real Estate Update: Cherry Knoll Estates Home Sold for $595,000

Quick Snapshot

  • Address: 47078 Bing, Canton Twp, MI 48187

  • List Price: $599,000

  • Sold Price: $595,000

  • Sold Date: 12/9/2025

  • List-to-Sale Ratio: 99.3%

  • Days on Market: 32

  • Beds/Baths: 4 beds / 2.1 baths

  • Sq Ft: 2,864

  • Year Built: 1997

  • Subdivision: Cherry Knoll Estates

  • School District: Plymouth Canton

  • Listing Office: Max Broock, REALTORS-Royal Oak

Why This Sale Matters

This Cherry Knoll Estates home attracted solid buyer interest, selling at 99.3% of list price after just over a month on the market. A 32-day DOM aligns closely with typical patterns in the 48187 ZIP, suggesting steady—but not rushed—buyer activity. The near-full-price result indicates realistic pricing and continued demand for well-located, move-in-ready homes. Closing in early December also shows that qualified buyers remain active even late in the year.

Local Market Insight

  • Homes in the 48187 ZIP typically average around 30–35 days on market, keeping conditions balanced.

  • Inventory remains relatively tight, with well-priced listings continuing to move ahead of older or over-ambitious offerings.

  • Updated homes tend to command stronger list-to-sale ratios compared to unupdated properties that require more negotiation.

Comparable Activity Nearby

  • Recent sales in Cherry Knoll Estates have generally clustered close to list price when homes are properly prepared.

  • Nearby Canton Township neighborhoods are seeing similar DOM trends, reinforcing a stable local market.

What This Means for Homeowners

For homeowners in Cherry Knoll Estates and the surrounding Canton Township area, this sale reinforces the importance of accurate pricing and presentation. Buyers are willing to pay near list price for homes that meet expectations, but they remain selective. Strategic pricing and thoughtful preparation continue to be key factors in achieving strong results in this market.

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CONTACT INFORMATION

Have questions about strategy, timing, or what your neighborhood is doing?
Caleb Bonderenka
📲 734-945-5948
🌐 https://www.SoldByCaleb.com
📧 Caleb@SoldByCaleb.com

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Salem Township Real Estate Update: Local Home Sold for $425,000

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Farmington Hills Real Estate Update: Home Sold for $322,500