$330,000
80.00 Acres
Land
Robin Koikas, Listing Office: EXIT Real Estate of Ludington
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 Buyer'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
$202,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,500(-8.8%)
Key Takeaway
Homes in Sheridan Township have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Sheridan Township was $202,500 in October 2024, down 8.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $159.9K | +255.3% |
| 2 Bedrooms | $193.3K | $155K | -19.8% |
| 3 Bedrooms | $224K | $214K | -4.5% |
| 4 Bedrooms | $250K | $322.5K | +29.0% |
| 5+ Bedrooms | $190K | $191K | 0.5% |
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 255.3%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 0.5%.
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 |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The Sheridan Township real estate market had 25 homes for sale in October 2024, a 31.6% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 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 remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 120%, 4 bedroom homes remained the same, 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
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan Township, you may be able to get a good deal. 33.3% of homes here sold below 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, 33% were sold at asking, and 33% 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 |
|---|---|---|
| 26 Days | 168 Days | +536.5% |
Summary: Homes in Sheridan Township had an average of 168 days on market in Oct 2024, up by 536.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was 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; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.