$3,088 Closing Credit*
$260,000
2,443 SqFt
2 Beds
•1 Full Bath
Cathy A Hoppough, Listing Office: KW Rivertown Hoppough
Is Sheridan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Sheridan Township was a Buyer'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
$192,500
$163/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$34,800(+22.1%)
Key Takeaway
Homes in Sheridan Township have sold for 22.1% more than they did a month ago.
Summary: The median home sold price in Sheridan Township was $192,500 in December 2024, up 22.1% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $157.7K | $192.5K | +22.1% |
| 4 Bedrooms | - | $262.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Sheridan Township housing prices by bedroom type for December 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 increased by 22.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sheridan Township, MI
How many homes are available in Sheridan Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Sheridan Township real estate market had 16 homes for sale in December 2024, a 5.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Sheridan Township in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 Days | 45 Days | +378.9% |
Summary: Homes in Sheridan Township had an average of 45 days on market in Dec 2024, up by 378.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Sheridan Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
