$3,324 Closing Credit*
$279,900
1,000 SqFt
2 Beds
•1 Full Bath
Heather A Martell, Rob Martell, Listing Office: Martell Realty Inc.
Is Sherman 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, Sherman Township was a Neutral Market.
Key Takeaway
Sherman Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherman Township, MI
How much do homes in Sherman Township, MI cost?
Median Sold Price
$297,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$40,000(-11.9%)
Key Takeaway
Homes in Sherman Township have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Sherman Township was $297,500 in November 2024, down 11.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $347.5K | $295K | -15.1% |
| 3 Bedrooms | $316.5K | $264K | -16.6% |
| 4 Bedrooms | $387.5K | $560.5K | +44.6% |
| 5+ Bedrooms | - | $887K | N/A |
Summary: Sherman Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes increased by 44.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sturgis | $180K | $185K | +2.8% |
| Sturgis Township | $180K | $185K | +2.8% |
| Nottawa Township | $235.7K | $215K | -8.8% |
| Sherman Township | $337.5K | $297.5K | -11.9% |
Housing Supply in Sherman Township, MI
How many homes are available in Sherman Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Sherman Township real estate market had 8 homes for sale in November 2024, a 20.0% decrease 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 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Sherman 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sherman Township in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sherman Township, MI
How long does it take to sell a home in Sherman Township, MI?
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 Sherman Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Sherman 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.
