$2,755 Closing Credit*
$232,000
720 SqFt
2 Beds
•1 Full Bath
Angela Stoyak, Listing Office: Coldwell Banker Schmidt Higgins Lake
Is Sylvan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$229,900
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,900(+9.5%)
Key Takeaway
Homes in Sylvan Township have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Sylvan Township was $229,900 in October 2024, up 9.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | - | N/A |
| 2 Bedrooms | $228K | $229.9K | +0.8% |
| 3 Bedrooms | $225K | $226.7K | +0.8% |
| 4 Bedrooms | $227.5K | $150K | -34.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sylvan Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes did not change.
Housing Supply in Sylvan Township, MI
How many homes are available in Sylvan Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Sylvan Township real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sylvan Township 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 decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 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 Sylvan Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sylvan Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 167 Days | +451.6% |
Summary: Homes in Sylvan Township had an average of 167 days on market in Oct 2024, up by 451.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sylvan Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Sylvan Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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