Is Shiawassee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$180,028
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Shiawassee County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Shiawassee County was $180,028 in June 2024, up 2.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $70K | +4.5% |
| 2 Bedrooms | $123K | $135K | +9.8% |
| 3 Bedrooms | $177.2K | $183.5K | +3.6% |
| 4 Bedrooms | $215K | $230K | +7.0% |
| 5+ Bedrooms | $224.9K | $304K | +35.1% |
Summary: Shiawassee County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Counties
| Saginaw County | $143K | $159.9K | +11.8% |
| Ingham County | $181K | $198.9K | +9.9% |
| Livingston County | $350.1K | $366.5K | +4.7% |
| Genesee County | $190.6K | $199.4K | +4.6% |
| Shiawassee County | $175K | $180K | +2.9% |
Housing Supply in Shiawassee County, MI
How many homes are available in Shiawassee County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 220 | 229 | +4.1% |
Summary: The Shiawassee County real estate market had 229 homes for sale in June 2024, a 4.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 134 | 127 | -5.2% |
| 4 Bedrooms | 45 | 56 | +24.4% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Shiawassee County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shiawassee County, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Shiawassee County in June 2024, down by 5.6% month-over-month. Of the 67 sold homes, 27% were sold under asking, 21% were sold at asking, and 52% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +19.7% |
Summary: Homes in Shiawassee County had an average of 24 days on market in Jun 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shiawassee County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 67 homes were sold in Shiawassee County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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