Is Sheridan Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan Township is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Sheridan Township has remained a Seller's Market.

Key Takeaway

Sheridan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sheridan Township, MI cost?

Median Sold Price

$147,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$43,000(+41.3%)

Key Takeaway

Homes in Sheridan Township have sold for 41.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $44K$82K
+86.4%
2 $127.5K$140K
+9.8%
3 $95K$190K
+100.0%
4 $290K$159.7K
-44.9%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Sheridan Township
+41.3%
Remus
+30.8%
Fork Township
-15.8%
Martiny Township
-17.1%

How many homes are available in Sheridan Township, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
911+22.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 22
0.0%
3 67
+16.7%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheridan Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Sheridan Township, MI

There are 11 homes are for sale in Sheridan Township, MI real estate market. The number of listings in Sheridan Township, MI increased by 22.2% between July 2022 and August 2022. In August 2022 median list price was $147,000 and the average listing age was 249 days. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 86.4%, prices of 2 bedrooms properties went up by 9.8%, the cost of 3 bedrooms properties went up by 100%, 4 bedrooms properties prices decreased by 44.9%, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 16.7%, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in August 2022 in Sheridan Township, MI. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.

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