Is Sherwood Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sherwood Township has remained a Seller's Market.
Housing Prices in Sherwood Township, MI
How much do homes in Sherwood Township, MI cost?
Median Sold Price
$169,900
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sherwood Township was $169,900 in April 2024, down 11.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | - | N/A |
2 Bedrooms | $224.9K | $139K | -38.2% |
3 Bedrooms | $183K | $183.5K | 0.3% |
4 Bedrooms | $209.5K | $245K | +16.9% |
5+ Bedrooms | $500K | - | N/A |
Summary: Sherwood Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Union Township | $185.8K | $215.5K | +15.9% |
Sherwood Township | $192.9K | $169.9K | -11.9% |
Sherwood | $192.9K | $169.9K | -11.9% |
Athens Township | $195K | $159.9K | -18.0% |
Housing Supply in Sherwood Township, MI
How many homes are available in Sherwood Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The Sherwood Township real estate market had 7 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Sherwood Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sherwood Township in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sherwood Township, MI
How long does it take to sell a home in Sherwood Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
306 Days | 18 Days | -94.0% |
Summary: Homes in Sherwood Township had an average of 18 days on market in Apr 2024, down by 94% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Sherwood Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.