$1,484 Closing Credit*
$125,000
993 SqFt
2 Beds
•1 Full Bath
Ashley Bodell, Listing Office: Bellabay Realty (North)
Is Sherman 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, Sherman Township has remained a Seller's 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
$217,250
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$52,650(-19.5%)
Key Takeaway
Homes in Sherman Township have sold for 19.5% less than they did a year ago.
Summary: The median home sold price in Sherman Township was $217,250 in October 2024, down 19.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $82.5K | N/A |
| 2 Bedrooms | $210K | $169.4K | -19.3% |
| 3 Bedrooms | $152.5K | $262.5K | +72.1% |
| 4 Bedrooms | $437.5K | $330K | -24.6% |
| 5+ Bedrooms | $300K | - | N/A |
Summary: Sherman Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 72.1%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Garfield Township | $236K | $330K | +39.8% |
| Lincoln Township | $166K | $205K | +23.5% |
| Everett Township | $241.9K | $218K | -9.9% |
| Sherman Township | $269.9K | $217.2K | -19.5% |
Housing Supply in Sherman Township, MI
How many homes are available in Sherman Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Sherman Township real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sherman 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 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 Sherman Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sherman Township in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Sherman Township, MI
How long does it take to sell a home in Sherman Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -5.5% |
Summary: Homes in Sherman Township had an average of 26 days on market in Oct 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherman Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Sherman Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
