Is Sanilac County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $175K | +218.2% |
| 2 Bedrooms | $138.5K | $137K | -1.1% |
| 3 Bedrooms | $178.9K | $186.9K | +4.4% |
| 4 Bedrooms | $167.7K | $235K | +40.1% |
| 5+ Bedrooms | $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 | $199.3K | $219.9K | +10.3% |
| Sanilac County | $170K | $175K | +2.9% |
| Tuscola County | $165K | $165.2K | 0.1% |
Housing Supply in Sanilac County, MI
How many homes are available in Sanilac County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 92 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 19 | +35.7% |
| 3 Bedrooms | 39 | 47 | +20.5% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 154 Days | 94 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
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.
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