$5,580 Closing Credit*
$469,900
2,656 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jeffrey Klink, Listing Office: The Charles Reinhart Company
Is Sylvan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sylvan Township has remained a Seller's Market.
Key Takeaway
Sylvan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylvan Township, MI
How much do homes in Sylvan Township, MI cost?
Median Sold Price
$450,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,100(+12.5%)
Key Takeaway
Homes in Sylvan Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Sylvan Township was $450,000 in November 2024, up 12.5% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | $194.9K | -10.2% |
| 3 Bedrooms | $402.4K | $438.7K | +9.0% |
| 4 Bedrooms | $397.5K | $572.5K | +44.0% |
| 5+ Bedrooms | - | $720K | N/A |
Summary: Sylvan 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 10.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 44%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lyndon Township | $381K | $509K | +33.6% |
| Sylvan Township | $399.9K | $450K | +12.5% |
| Chelsea | $381.5K | $424.1K | +11.2% |
| Dexter Township | $481.7K | $504.2K | +4.7% |
| Lima Township | $435K | $450K | +3.4% |
Housing Supply in Sylvan Township, MI
How many homes are available in Sylvan Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Sylvan Township real estate market had 10 homes for sale in November 2024, a 23.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sylvan 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 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 Sylvan Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sylvan Township in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Sylvan Township, MI
How long does it take to sell a home in Sylvan Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 42 Days | +153.1% |
Summary: Homes in Sylvan Township had an average of 42 days on market in Nov 2024, up by 153.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylvan Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Sylvan Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
