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 4 Days Ago

Newest Listings in Sodus, MI

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