$2,255 Closing Credit*
$189,900
1,458 SqFt
3 Beds
•2 Full Baths
Douglas Zain, Listing Office: Midwest Properties ERA Powered (Main)
Is Sand Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sand Lake has remained a Seller's Market.
Key Takeaway
Sand Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sand Lake, MI
How much do homes in Sand Lake, MI cost?
Median Sold Price
$305,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+22.0%)
Key Takeaway
Homes in Sand Lake have sold for 22% more than they did a year ago.
Summary: The median home sold price in Sand Lake was $305,000 in October 2024, up 22% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $243K | N/A |
| 2 Bedrooms | $103K | $206K | +100.0% |
| 3 Bedrooms | $250K | $300K | +20.0% |
| 4 Bedrooms | $363K | $415K | +14.3% |
| 5+ Bedrooms | $214K | $457.5K | +113.8% |
Summary: Sand Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 113.8%.
Median Sold Price Compared To Nearby Cities
| Sand Lake | $250K | $305K | +22.0% |
| Nelson Township | $275K | $305K | +10.9% |
Housing Supply in Sand Lake, MI
How many homes are available in Sand Lake, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Sand Lake real estate market had 16 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sand Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sand Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Sand Lake in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Sand Lake, MI
How long does it take to sell a home in Sand Lake, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 23 Days | -27.3% |
Summary: Homes in Sand Lake had an average of 23 days on market in Oct 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sand Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Sand Lake; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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