$2,730 Closing Credit*
$229,900
1,655 SqFt
3 Beds
•2 Full Baths
Jeff Glover, Sean Konja, Listing Office: KW Professionals
Is Sheridan Township, 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 Township has remained a Seller's Market.
Key Takeaway
Sheridan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sheridan Township, MI
How much do homes in Sheridan Township, MI cost?
Median Sold Price
$164,900
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,100(-15.4%)
Key Takeaway
Homes in Sheridan Township have sold for 15.4% less than they did a year ago.
Summary: The median home sold price in Sheridan Township was $164,900 in October 2024, down 15.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $222.4K | +217.8% |
| 2 Bedrooms | $208.3K | $148K | -29.0% |
| 3 Bedrooms | $187.5K | $212.5K | +13.3% |
| 4 Bedrooms | $195K | $178.7K | -8.3% |
| 5+ Bedrooms | $349K | $169.9K | -51.3% |
Summary: Sheridan Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 217.8%, 2 bedroom homes decreased by 29%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 51.3%.
Median Sold Price Compared To Nearby Cities
| Albion | $127.5K | $135K | +5.9% |
| Clarence Township | $260K | $242.5K | -6.7% |
| Sheridan Township | $195K | $164.9K | -15.4% |
| Parma Township | $240K | $198K | -17.5% |
Housing Supply in Sheridan Township, MI
How many homes are available in Sheridan Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Summary: The Sheridan Township real estate market had 17 homes for sale in October 2024, a 54.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sheridan Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Sheridan Township, MI
How long does it take to sell a home in Sheridan Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 39 Days | +151.6% |
Summary: Homes in Sheridan Township had an average of 39 days on market in Oct 2024, up by 151.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sheridan Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Sheridan Township; 33% of homes were sold within 30 days, 67% 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.