$1,958 Closing Credit*
$164,900
1,200 SqFt
3 Beds
•1 Full Bath
Anna Merillat, Listing Office: Coldwell Banker Professionals
Is Sanford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sanford has remained a Seller's Market.
Key Takeaway
Sanford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sanford, MI
How much do homes in Sanford, MI cost?
Median Sold Price
$188,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,500(+12.2%)
Key Takeaway
Homes in Sanford have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Sanford was $188,500 in November 2024, up 12.2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $95K | +90.0% |
| 2 Bedrooms | $133.7K | $128.2K | -4.1% |
| 3 Bedrooms | $208.5K | $186.5K | -10.6% |
| 4 Bedrooms | $370K | $242K | -34.6% |
| 5+ Bedrooms | $279.5K | $440K | +57.4% |
Summary: Sanford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes increased by 57.4%.
Median Sold Price Compared To Nearby Cities
| Sanford | $168K | $188.5K | +12.2% |
| Lincoln Township | $162.5K | $179K | +10.2% |
| Jerome Township | $222.5K | $225K | +1.1% |
Housing Supply in Sanford, MI
How many homes are available in Sanford, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Sanford real estate market had 15 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sanford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sanford in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sanford, MI
How long does it take to sell a home in Sanford, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 20 Days | -44.2% |
Summary: Homes in Sanford had an average of 20 days on market in Nov 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sanford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Sanford; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.