Is Sandstone 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, Sandstone Township has remained a Seller's Market.
Housing Prices in Sandstone Township, MI
How much do homes in Sandstone Township, MI cost?
Median Sold Price
$206,300
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sandstone Township was $206,300 in April 2024, down 23% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $186K | +43.1% |
3 Bedrooms | $291.9K | $190K | -34.9% |
4 Bedrooms | $255K | $314.5K | +23.3% |
5+ Bedrooms | $453.7K | $556.5K | +22.6% |
Summary: Sandstone 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 increased by 43.1%, 3 bedroom homes decreased by 34.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
Tompkins Township | $204.5K | $265K | +29.6% |
Blackman Charter Township | $178K | $186.2K | +4.6% |
Rives Township | $268.5K | $260K | -3.2% |
Parma | $245K | $205K | -16.3% |
Sandstone Township | $268K | $206.3K | -23.0% |
Housing Supply in Sandstone Township, MI
How many homes are available in Sandstone Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Summary: The Sandstone Township real estate market had 9 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 | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sandstone 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sandstone Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Sandstone Township, MI
How long does it take to sell a home in Sandstone Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 28 Days | +600.0% |
Summary: Homes in Sandstone Township had an average of 28 days on market in Apr 2024, up by 600% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Sandstone 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.