Is Sanilac Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanilac Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Sanilac Township has remained a Seller's Market.

Key Takeaway

Sanilac Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sanilac Township, MI

How much do homes in Sanilac Township, MI cost?

Median Sold Price

$196,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$89,000(+83.2%)

Key Takeaway

Homes in Sanilac Township have sold for 83.2% more than they did a year ago.

Summary: The median home sold price in Sanilac Township was $196,000 in December 2024, up 83.2% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $22K$140K
+536.4%
3 $111K$195K
+75.7%
4 $449.9K$572.5K
+27.3%
5+ -$585K
N/A

Summary: Sanilac Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 536.4%, 3 bedroom homes increased by 75.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sanilac Township
+83.2%
Port Sanilac
+47.7%
Lexington Township
+0.7%

Housing Supply in Sanilac Township, MI

How many homes are available in Sanilac Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1912-36.8%

Summary: The Sanilac Township real estate market had 12 homes for sale in December 2024, a 36.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 95
-44.4%
4 53
-40.0%
5+ 11
0.0%

Summary: The Sanilac Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sanilac Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Sanilac Township in December 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Sanilac Township, MI

How long does it take to sell a home in Sanilac Township, MI?

Average Sale Time

Dec 2023Dec 2024CHANGE
159 Days83 Days-47.3%

Summary: Homes in Sanilac Township had an average of 83 days on market in Dec 2024, down by 47.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sanilac Township has remained consistent over time.

Summary: During December 2024, 5 homes were sold in Sanilac Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Sanilac Township, MI

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