Is Sullivan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sullivan Township has remained a Seller's Market.
Key Takeaway
Sullivan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sullivan Township, MI
How much do homes in Sullivan Township, MI cost?
Median Sold Price
$250,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sullivan Township have sold for 2% less than they did a year ago.
Summary: The median home sold price in Sullivan Township was $250,000 in April 2024, down 2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $191.7K | $183.8K | -4.1% |
| 3 Bedrooms | $203.5K | $245K | +20.4% |
| 4 Bedrooms | $480K | $472.5K | -1.6% |
| 5+ Bedrooms | $400K | $530K | +32.5% |
Summary: Sullivan Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Nunica | $364.4K | $392K | +7.6% |
| Ravenna Township | $254K | $262K | +3.1% |
| Egelston Township | $193.5K | $198K | +2.3% |
| Sullivan Township | $255K | $250K | -2.0% |
Housing Supply in Sullivan Township, MI
How many homes are available in Sullivan Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Sullivan Township real estate market had 4 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sullivan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Sullivan 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 Sullivan Township in April 2024, down by 66.7% 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 Sullivan Township, MI
How long does it take to sell a home in Sullivan Township, MI?
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 Sullivan Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Sullivan 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.
