Is Sturgis, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Sturgis has remained a Seller's Market.
Housing Prices in Sturgis, MI
How much do homes in Sturgis, MI cost?
Median Sold Price
$180,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Sturgis was $180,000 in February 2024, up 16.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $82.2K | -25.3% |
2 Bedrooms | $100K | $135.9K | +35.9% |
3 Bedrooms | $156K | $177.9K | +14.0% |
4 Bedrooms | $188.9K | $255K | +35.0% |
5+ Bedrooms | $164.9K | $352K | +113.5% |
Summary: Sturgis housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 113.5%.
Median Sold Price Compared To Nearby Cities
Sherman Township | $282.5K | $340K | +20.4% |
Sturgis | $155K | $180K | +16.1% |
Sturgis Township | $164.9K | $180K | +9.2% |
Housing Supply in Sturgis, MI
How many homes are available in Sturgis, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Sturgis real estate market had 47 homes for sale in February 2024, a 2.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 23 | 20 | -13.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Sturgis housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Sturgis in February 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Sturgis, MI
How long does it take to sell a home in Sturgis, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 56 Days | +20.8% |
Summary: Homes in Sturgis had an average of 56 days on market in Feb 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Sturgis; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.