$1,781 Closing Credit*
$150,000
1,273 SqFt
4 Beds
•2 Full Baths
Rachel Ann Reich, Listing Office: RE/MAX Real Estate Pros Dewitt
Is Sheridan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sheridan has remained a Buyer'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
$185,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,875(-21.6%)
Key Takeaway
Homes in Sheridan have sold for 21.6% less than they did a year ago.
Summary: The median home sold price in Sheridan was $185,000 in October 2024, down 21.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $159.9K | +128.4% |
| 2 Bedrooms | $240K | $155K | -35.4% |
| 3 Bedrooms | $216.2K | $214K | -1.0% |
| 4 Bedrooms | $250K | $262.5K | +5.0% |
| 5+ Bedrooms | $470K | $191K | -59.4% |
Summary: Sheridan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.4%, 2 bedroom homes decreased by 35.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 59.4%.
Median Sold Price Compared To Nearby Cities
| Bushnell Township | $187.5K | $203K | +8.3% |
| Fairplain Township | $212.5K | $225K | +5.9% |
| Sidney Township | $232K | $240K | +3.4% |
| Sheridan | $235.8K | $185K | -21.6% |
Housing Supply in Sheridan, MI
How many homes are available in Sheridan, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Summary: The Sheridan real estate market had 11 homes for sale in October 2024, a 266.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 2 | 8 | +300.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
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 October 2024, up by 100.0% month-over-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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 60 Days | +46.3% |
Summary: Homes in Sheridan had an average of 60 days on market in Oct 2024, up by 46.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sheridan has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Sheridan; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.