Is Sylvan Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sylvan Township was a Buyer's Market.
Housing Prices in Sylvan Township, MI
How much do homes in Sylvan Township, MI cost?
Median Sold Price
$425,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sylvan Township was $425,000 in March 2024, down 0.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $338.5K | $217K | -35.9% |
3 Bedrooms | $401.2K | $412.5K | +2.8% |
4 Bedrooms | $506.2K | $490K | -3.2% |
5+ Bedrooms | $680K | - | N/A |
Summary: Sylvan 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 35.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Dexter Township | $448.5K | $490.2K | +9.3% |
Chelsea | $383K | $399.9K | +4.4% |
Sylvan Township | $427.8K | $425K | -0.7% |
Housing Supply in Sylvan Township, MI
How many homes are available in Sylvan Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Sylvan Township real estate market had 13 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sylvan 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sylvan Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Sylvan Township, MI
How long does it take to sell a home in Sylvan Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Sylvan Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.