Is Sanilac County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanilac County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sanilac County was a Seller's Market.

Key Takeaway

Sanilac County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sanilac County, MI

How much do homes in Sanilac County, MI cost?

Median Sold Price

$175,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,000(+2.9%)

Key Takeaway

Homes in Sanilac County have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Sanilac County was $175,000 in March 2024, up 2.9% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $55K$175K
+218.2%
2 $138.5K$137K
-1.1%
3 $178.9K$186.9K
+4.4%
4 $167.7K$235K
+40.1%
5+ $267.5K$219.9K
-17.8%

Summary: Sanilac County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 218.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes decreased by 17.8%.

Median Sold Price Compared To Nearby Counties

Saint Clair County
+10.3%
Sanilac County
+2.9%
Tuscola County
0.1%

Housing Supply in Sanilac County, MI

How many homes are available in Sanilac County, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7792+19.5%

Summary: The Sanilac County real estate market had 92 homes for sale in March 2024, a 19.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1419
+35.7%
3 3947
+20.5%
4 2020
0.0%
5+ 35
+66.7%

Summary: The Sanilac County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 20.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sanilac County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Sanilac County in March 2024, up by 55.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Sanilac County, MI

How long does it take to sell a home in Sanilac County, MI?

Average Sale Time

Mar 2023Mar 2024CHANGE
154 Days94 Days-38.7%

Summary: Homes in Sanilac County had an average of 94 days on market in Mar 2024, down by 38.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sanilac County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 14 homes were sold in Sanilac County; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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