Is Sanilac County, 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, Sanilac County was a Seller's Market.
Key Takeaway
Sanilac County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sanilac County, MI
How much do homes in Sanilac County, MI cost?
Median Sold Price
$180,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sanilac County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Sanilac County was $180,000 in May 2024, up 2.9% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78K | $180K | +130.8% |
| 2 Bedrooms | $140K | $134K | -4.3% |
| 3 Bedrooms | $180K | $187.9K | +4.4% |
| 4 Bedrooms | $176.5K | $220K | +24.6% |
| 5+ Bedrooms | $283.5K | $219.9K | -22.4% |
Summary: Sanilac County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 130.8%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Counties
| Saint Clair County | $202.8K | $220K | +8.5% |
| Tuscola County | $165K | $169.9K | +3.0% |
| Sanilac County | $175K | $180K | +2.9% |
| Huron County | $183K | $153K | -16.4% |
Housing Supply in Sanilac County, MI
How many homes are available in Sanilac County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 142 | 172 | +21.1% |
Summary: The Sanilac County real estate market had 172 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 28 | 38 | +35.7% |
| 3 Bedrooms | 74 | 86 | +16.2% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The Sanilac County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanilac County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Sanilac County in May 2024, the same as the previous month. Of the 24 sold homes, 67% were sold under asking, 13% were sold at asking, and 21% were sold over asking.
Days on Market for Sanilac County, MI
How long does it take to sell a home in Sanilac County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 77 Days | +119.4% |
Summary: Homes in Sanilac County had an average of 77 days on market in May 2024, up by 119.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sanilac County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 24 homes were sold in Sanilac County; 38% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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