Is Sturgis, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$184,067
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sturgis was $184,067 in April 2024, up 15.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $88.6K | -19.5% |
2 Bedrooms | $115K | $135.9K | +18.2% |
3 Bedrooms | $160K | $185K | +15.6% |
4 Bedrooms | $187.9K | $245K | +30.4% |
5+ Bedrooms | $201K | $354.3K | +76.3% |
Summary: Sturgis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 76.3%.
Median Sold Price Compared To Nearby Cities
Sturgis | $159.4K | $184K | +15.4% |
Sturgis Township | $170K | $184K | +8.3% |
Burr Oak Township | $180K | $190K | +5.6% |
Sherman Township | $330K | $344.9K | +4.5% |
Housing Supply in Sturgis, MI
How many homes are available in Sturgis, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 64 | +8.5% |
Summary: The Sturgis real estate market had 64 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 16 | 23 | +43.8% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Sturgis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Sturgis in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 39 Days | +9.4% |
Summary: Homes in Sturgis had an average of 39 days on market in Apr 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Sturgis; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.