Is Shepherd, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2021
Since last year, Shepherd has remained a Seller's Market.
Key Takeaway
Shepherd is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Shepherd, MI cost?
Median Sold Price
$139,900
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2021
-$2,600(-1.8%)
Key Takeaway
Homes in Shepherd have sold for 1.8% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jun 2021 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106.2K | $115K | +8.2%  |
| 3 Bedrooms | $110K | $134.9K | +22.6% |
| 4 Bedrooms | $151.6K | $208K | +37.2% |
| 5+ Bedrooms | $225K | $166K | -26.2% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Coe Township | +4.3% |
| Shepherd | -1.8% |
How many homes are available in Shepherd, MI?
Number of Homes For Sale
| May 2022 | Jun 2022 | % |
|---|---|---|
| 3 | 2 | -33.3% |
Homes For Sale By Bedroom Count
| # BEDS | May 2022 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Number of Homes Sold
| May 2022 | Jun 2022 | % |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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 Shepherd, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Average Sale Time
| Jun 2021 | Jun 2022 | % |
|---|---|---|
| 132 Days | 44 Days | -66.7% |
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shepherd has remained consistent over time.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 