$1,424 Closing Credit*
$119,900
1,056 SqFt
3 Beds
•1 Full Bath, 1 Partial
Christopher M Conflitti, Listing Office: American Real Estate Services
Is Sheridan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Sheridan was a Seller's Market.
Key Takeaway
Sheridan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sheridan, MI
How much do homes in Sheridan, MI cost?
Median Sold Price
$205,400
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$29,600(-12.6%)
Key Takeaway
Homes in Sheridan have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Sheridan was $205,400 in November 2024, down 12.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $159.9K | +128.4% |
| 2 Bedrooms | $238.3K | $157K | -34.1% |
| 3 Bedrooms | $222K | $207.7K | -6.4% |
| 4 Bedrooms | $250K | $300K | +20.0% |
| 5+ Bedrooms | $152K | $230K | +51.3% |
Summary: Sheridan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.4%, 2 bedroom homes decreased by 34.1%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 51.3%.
Median Sold Price Compared To Nearby Cities
| Fairplain Township | $234.3K | $225K | -4.0% |
| Sheridan | $235K | $205.4K | -12.6% |
| Evergreen Township | $235K | $200.2K | -14.8% |
Housing Supply in Sheridan, MI
How many homes are available in Sheridan, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Sheridan real estate market had 15 homes for sale in November 2024, a 15.4% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Sheridan in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sheridan, MI
How long does it take to sell a home in Sheridan, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 5 Days | -75.6% |
Summary: Homes in Sheridan had an average of 5 days on market in Nov 2024, down by 75.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Sheridan; 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.
