Is Sodus, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sodus is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Sodus has remained a Seller's Market.

Key Takeaway

Sodus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sodus, MI

How much do homes in Sodus, MI cost?

Median Sold Price

$401,000

$232/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$547,000(-57.7%)

Key Takeaway

Homes in Sodus have sold for 57.7% less than they did a month ago.

Summary: The median home sold price in Sodus was $401,000 in October 2024, down 57.7% from last month, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $96K-
N/A
4 $1.8M$401K
-77.7%
5+ --
N/A

Summary: Sodus housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 77.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sodus Township
+72.3%
Sodus
-57.7%

Housing Supply in Sodus, MI

How many homes are available in Sodus, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
63-50.0%

Summary: The Sodus real estate market had 3 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 20
-100.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Sodus 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 decreased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sodus, 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 Sodus in October 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 Sodus, MI

How long does it take to sell a home in Sodus, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
87 Days49 Days-44.0%

Summary: Homes in Sodus had an average of 49 days on market in Oct 2024, down by 44% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sodus has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Sodus; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Sodus, MI

Nearby Markets to Sodus, MI

What housing markets are near Sodus, MI?