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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherman Township is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Sherman Township was a Seller's Market.

Key Takeaway

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

How much do homes in Sherman Township, MI cost?

Median Sold Price

$184,500

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$48,000(+35.2%)

Key Takeaway

Homes in Sherman Township have sold for 35.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 -$105K
N/A
2 $64K$142K
+121.9%
3 $165.5K$172K
+3.9%
4 $259.5K$207.5K
-20.0%
5+ $495K$145K
-70.7%

Median Sold Price Compared To Nearby Cities

Sherman Township
+35.2%
Weidman
+26.4%
Broomfield Township
+11.7%
Lake Isabella
-10.2%

How many homes are available in Sherman Township, MI?

Number of Homes For Sale

Jun 2022Jul 2022%
19190.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 31
-66.7%
2 44
0.0%
3 711
+57.1%
4 53
-40.0%
5+ 00
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherman Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
80 Days58 Days-28.1%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sherman Township has remained consistent over time.

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

About Sherman Township, MI

Number of homes for sale in Sherman Township, MI real estate market have reached 19. The median list price of listings available in July 2022 was $184,500, while the average time on the real estate market was 58 days. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 121.9% more expensive, the cost of 3 bedrooms properties went up by 3.9%, 4 bedrooms properties prices decreased by 20%, 5 bedrooms properties prices decreased by 70.7%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 66.7%, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 57.1%, the quantity of 4 bedrooms homes went down by 40%, number of 5 bedrooms homes remained the same. While more than 1 listings in Sherman Township, MI in July 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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