$1,780 Closing Credit*
$149,900
2 Beds
•1 Full Bath
Melissa Gross, Listing Office: Keller Williams of NM Signature Group
Is Shepherd, 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, Shepherd has remained a Seller's Market.
Key Takeaway
Shepherd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shepherd, MI
How much do homes in Shepherd, MI cost?
Median Sold Price
$195,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+23.8%)
Key Takeaway
Homes in Shepherd have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Shepherd was $195,000 in November 2024, up 23.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $140K | $155K | +10.7% |
| 3 Bedrooms | $152.5K | $201.5K | +32.1% |
| 4 Bedrooms | $232.2K | $226K | -2.7% |
| 5+ Bedrooms | $219K | - | N/A |
Summary: Shepherd housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 32.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shepherd | $157.5K | $195K | +23.8% |
| Coe Township | $150K | $175K | +16.7% |
Housing Supply in Shepherd, MI
How many homes are available in Shepherd, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Shepherd real estate market had 16 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Shepherd 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 decreased by 100%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 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 Shepherd, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Shepherd in November 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Shepherd, MI
How long does it take to sell a home in Shepherd, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 35 Days | -38.3% |
Summary: Homes in Shepherd had an average of 35 days on market in Nov 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shepherd has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Shepherd; 43% of homes were sold within 30 days, 57% 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.