Is Sturgis 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, Sturgis Township has remained a Seller's Market.
Housing Prices in Sturgis Township, MI
How much do homes in Sturgis Township, MI cost?
Median Sold Price
$183,135
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sturgis Township was $183,135 in March 2024, up 7.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $82.2K | -25.3% |
2 Bedrooms | $115K | $135.9K | +18.2% |
3 Bedrooms | $161K | $183.1K | +13.7% |
4 Bedrooms | $230K | $230K | 0.0% |
5+ Bedrooms | $178.5K | $354.3K | +98.5% |
Summary: Sturgis Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 98.5%.
Median Sold Price Compared To Nearby Cities
Sherman Township | $285K | $344.9K | +21.0% |
Sturgis | $158.2K | $183.1K | +15.7% |
Sturgis Township | $170K | $183.1K | +7.7% |
Housing Supply in Sturgis Township, MI
How many homes are available in Sturgis Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 61 | +19.6% |
Summary: The Sturgis Township real estate market had 61 homes for sale in March 2024, a 19.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Sturgis 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 decreased by 9.1%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Sturgis Township in March 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Sturgis Township, MI
How long does it take to sell a home in Sturgis Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 31 Days | -41.3% |
Summary: Homes in Sturgis Township had an average of 31 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Sturgis Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.