Is Sidney Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sidney Township was a Buyer's Market.
Key Takeaway
Sidney Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sidney Township, MI
How much do homes in Sidney Township, MI cost?
Median Sold Price
$235,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sidney Township have sold for 27% more than they did a year ago.
Summary: The median home sold price in Sidney Township was $235,000 in May 2024, up 27% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $159.9K | +7.3% |
| 2 Bedrooms | $130K | $207.5K | +59.6% |
| 3 Bedrooms | $200K | $242.5K | +21.3% |
| 4 Bedrooms | $217.5K | $250K | +14.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sidney Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 59.6%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sidney Township | $185K | $235K | +27.0% |
| Sheridan | $185K | $217.9K | +17.8% |
| Stanton | $193K | $217K | +12.4% |
Housing Supply in Sidney Township, MI
How many homes are available in Sidney Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Sidney Township real estate market had 6 homes for sale in May 2024, a 25.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sidney Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sidney Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Sidney Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sidney Township, MI
How long does it take to sell a home in Sidney Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 7 Days | 0.0% |
Summary: Homes in Sidney Township had an average of 7 days on market in May 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sidney Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Sidney Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
