$3,539 Closing Credit*
$298,000
1,264 SqFt
2 Beds
•1 Full Bath
Preston Bovee, Listing Office: Homewaters, LLC
Is Sylvan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$59,000
$49/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$203,000(-77.5%)
Key Takeaway
Homes in Sylvan Township have sold for 77.5% less than they did a month ago.
Summary: The median home sold price in Sylvan Township was $59,000 in November 2024, down 77.5% from last month, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $55K | -50.0% |
| 3 Bedrooms | $272K | $63K | -76.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Sylvan Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 76.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Redding Township | $97.2K | $126K | +29.6% |
| Freeman Township | $147K | $160K | +8.8% |
| Middle Branch Township | $195K | $91.5K | -53.1% |
| Sylvan Township | $262K | $59K | -77.5% |
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 |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The Sylvan Township real estate market had 6 homes for sale in November 2024, a 33.3% 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 | 2 | -33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvan Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Sylvan Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 176 Days | 114 Days | -34.9% |
Summary: Homes in Sylvan Township had an average of 114 days on market in Nov 2024, down by 34.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylvan Township has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Sylvan Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
