Is Sullivan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sullivan Township was a Seller's Market.
Key Takeaway
Sullivan 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 Sullivan Township, MI
How much do homes in Sullivan Township, MI cost?
Median Sold Price
$257,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sullivan Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Sullivan Township was $257,500 in May 2024, up 1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264.5K | $183.8K | -30.5% |
| 3 Bedrooms | $203.5K | $245K | +20.4% |
| 4 Bedrooms | $509.5K | $415K | -18.5% |
| 5+ Bedrooms | $400K | $530K | +32.5% |
Summary: Sullivan Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.5%, 3 bedroom homes increased by 20.4%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Ravenna Township | $247.2K | $265K | +7.2% |
| Egelston Township | $193.5K | $207K | +7.0% |
| Nunica | $368K | $386K | +4.9% |
| Sullivan Township | $255K | $257.5K | +1.0% |
Housing Supply in Sullivan Township, MI
How many homes are available in Sullivan Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Sullivan Township real estate market had 6 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sullivan Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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 Sullivan Township, 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 Sullivan Township in May 2024, the same as the previous 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 Sullivan Township, MI
How long does it take to sell a home in Sullivan Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 3 Days | -33.3% |
Summary: Homes in Sullivan Township had an average of 3 days on market in May 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sullivan Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Sullivan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
