$3,146 Closing Credit*
$264,900
2,100 SqFt
3 Beds
•1 Full Bath
Garrett B Kirby, Vito (Jr.) E Dolci, Listing Office: Five Star Real Estate (Walker)
Is Sheridan Township, 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 Township was a Seller's Market.
Key Takeaway
Sheridan Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sheridan Township, MI
How much do homes in Sheridan Township, MI cost?
Median Sold Price
$207,700
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$21,800(-9.5%)
Key Takeaway
Homes in Sheridan Township have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Sheridan Township was $207,700 in November 2024, down 9.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $199.9K | +185.6% |
| 2 Bedrooms | $236.7K | $157K | -33.7% |
| 3 Bedrooms | $222K | $207.7K | -6.4% |
| 4 Bedrooms | $250K | $300K | +20.0% |
| 5+ Bedrooms | $152K | $230K | +51.3% |
Summary: Sheridan Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 185.6%, 2 bedroom homes decreased by 33.7%, 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
| Beaverton Township | $170.5K | $179.9K | +5.5% |
| Sheridan Township | $229.5K | $207.7K | -9.5% |
Housing Supply in Sheridan Township, MI
How many homes are available in Sheridan Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Sheridan Township real estate market had 15 homes for sale in November 2024, a 7.1% 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 | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sheridan Township 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 Township, 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 Township in November 2024, down by 50.0% 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 Township, MI
How long does it take to sell a home in Sheridan Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 5 Days | -75.6% |
Summary: Homes in Sheridan Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Sheridan Township; 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.
