Is Shiawassee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shiawassee Township has remained a Seller's Market.
Housing Prices in Shiawassee Township, MI
How much do homes in Shiawassee Township, MI cost?
Median Sold Price
$199,900
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shiawassee Township was $199,900 in March 2024, up 2.5% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $108.7K | N/A |
2 Bedrooms | $175K | $140.5K | -19.7% |
3 Bedrooms | $214.9K | $216.2K | +0.6% |
4 Bedrooms | $180K | $230K | +27.8% |
5+ Bedrooms | - | - | N/A |
Summary: Shiawassee Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bennington Township | $221K | $319.9K | +44.8% |
Caledonia Charter Township | $334.9K | $370K | +10.5% |
Bancroft | $180K | $189.5K | +5.3% |
Shiawassee Township | $195K | $199.9K | +2.5% |
Vernon Township | $187K | $182K | -2.7% |
Housing Supply in Shiawassee Township, MI
How many homes are available in Shiawassee Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Summary: The Shiawassee Township real estate market had 6 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Shiawassee Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Shiawassee Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Shiawassee Township, MI
How long does it take to sell a home in Shiawassee Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 15 Days | +91.7% |
Summary: Homes in Shiawassee Township had an average of 15 days on market in Mar 2024, up by 91.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Shiawassee Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.