$3,266 Closing Credit*
$275,000
1,407 SqFt
3 Beds
•2 Full Baths
Faune Benson-Schuitema, Listing Office: Five Star Real Estate-Rockford
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 Seller's Market.
Key Takeaway
Sherman Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sherman Township, MI
How much do homes in Sherman Township, MI cost?
Median Sold Price
$263,750
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,250(-0.5%)
Key Takeaway
The sold price of homes in Sherman Township has remained the same since last year.
Summary: The median home sold price in Sherman Township was $263,750 in November 2024, down 0.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $82.5K | N/A |
| 2 Bedrooms | $189.9K | $184.5K | -2.9% |
| 3 Bedrooms | $183.7K | $279.9K | +52.3% |
| 4 Bedrooms | $437.5K | $330K | -24.6% |
| 5+ Bedrooms | $300K | - | 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 2.9%, 3 bedroom homes increased by 52.3%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lincoln Township | $166K | $195K | +17.5% |
| Sherman Township | $265K | $263.7K | -0.5% |
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 |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Sherman Township real estate market had 7 homes for sale in November 2024, a 22.2% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 increased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherman Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Sherman Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 75 Days | +81.5% |
Summary: Homes in Sherman Township had an average of 75 days on market in Nov 2024, up by 81.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was 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, 1 homes were sold in Sherman Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
