Is Sullivan 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, Sullivan Township has remained a Seller's Market.
Key Takeaway
Sullivan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sullivan Township, MI
How much do homes in Sullivan Township, MI cost?
Median Sold Price
$266,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sullivan Township have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Sullivan Township was $266,500 in March 2024, up 7.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $191.7K | $183.8K | -4.1% |
| 3 Bedrooms | $200K | $250K | +25.0% |
| 4 Bedrooms | $479.9K | $472.5K | -1.5% |
| 5+ Bedrooms | $400K | $530K | +32.5% |
Summary: Sullivan 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 4.1%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Sullivan Township | $247.5K | $266.5K | +7.7% |
| Nunica | $355K | $377.5K | +6.3% |
| Egelston Township | $193K | $199K | +3.1% |
| Ravenna Township | $254K | $259.9K | +2.3% |
Housing Supply in Sullivan Township, MI
How many homes are available in Sullivan Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Sullivan Township real estate market had 6 homes for sale in March 2024, a 50.0% 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 | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sullivan 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 increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sullivan Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Sullivan Township in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Sullivan Township, MI
How long does it take to sell a home in Sullivan Township, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sullivan Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Sullivan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
