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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shiawassee County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Shiawassee County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Shiawassee County, MI

How much do homes in Shiawassee County, MI cost?

Median Sold Price

$175,700

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$670(+0.4%)

Key Takeaway

The sold price of homes in Shiawassee County has remained the same since last year.

Summary: The median home sold price in Shiawassee County was $175,700 in March 2024, up 0.4% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $59.5K$70K
+17.6%
2 $120K$130K
+8.3%
3 $180K$176.6K
-1.9%
4 $220K$236.5K
+7.5%
5+ $190K$270K
+42.1%

Summary: Shiawassee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 42.1%.

Median Sold Price Compared To Nearby Counties

Saginaw County
+8.5%
Livingston County
+5.8%
Ingham County
+3.2%
Genesee County
+2.9%
Shiawassee County
0.4%

Housing Supply in Shiawassee County, MI

How many homes are available in Shiawassee County, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
162168+3.7%

Summary: The Shiawassee County real estate market had 168 homes for sale in March 2024, a 3.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2126
+23.8%
3 9497
+3.2%
4 3133
+6.5%
5+ 1410
-28.6%

Summary: The Shiawassee 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 23.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4737-21.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shiawassee County, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Shiawassee County in March 2024, down by 21.3% month-over-month. Of the 37 sold homes, 43% were sold under asking, 16% were sold at asking, and 41% were sold over asking.

Days on Market for Shiawassee County, MI

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

Average Sale Time

Mar 2023Mar 2024CHANGE
56 Days47 Days-15.9%

Summary: Homes in Shiawassee County had an average of 47 days on market in Mar 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shiawassee County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 37 homes were sold in Shiawassee County; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% 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 23 Days Ago

Newest Listings in Shiawassee County, MI

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