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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sharon Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sharon Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Sharon Township, MI

How much do homes in Sharon Township, MI cost?

Median Sold Price

$380,500

$182/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$199,500(-34.4%)

Key Takeaway

Homes in Sharon Township have sold for 34.4% less than they did a month ago.

Summary: The median home sold price in Sharon Township was $380,500 in November 2024, down 34.4% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$375K
N/A
4 $580K$386K
-33.4%
5+ --
N/A

Summary: Sharon Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 33.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sharon Township
-34.4%
Freedom Township
-67.8%

Housing Supply in Sharon Township, MI

How many homes are available in Sharon Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
660.0%

Summary: The Sharon Township real estate market had 6 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 21
-50.0%
5+ 11
0.0%

Summary: The Sharon Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sharon Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Sharon Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Sharon Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
3 Days20 Days+583.3%

Summary: Homes in Sharon Township had an average of 20 days on market in Nov 2024, up by 583.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sharon Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Sharon 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.

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

Report Updated 21 Days Ago

Newest Listings in Sharon Township, MI

Nearby Markets to Sharon Township, MI

What housing markets are near Sharon Township, MI?