Is Sanilac County, 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, Sanilac County has remained a Seller's Market.
Key Takeaway
Sanilac County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sanilac County, MI
How much do homes in Sanilac County, MI cost?
Median Sold Price
$180,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sanilac County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Sanilac County was $180,000 in April 2024, up 5.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $175K | +218.2% |
| 2 Bedrooms | $140K | $137K | -2.1% |
| 3 Bedrooms | $178K | $197.5K | +11.0% |
| 4 Bedrooms | $168K | $222.2K | +32.3% |
| 5+ Bedrooms | $276K | $189.9K | -31.2% |
Summary: Sanilac County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 218.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes decreased by 31.2%.
Median Sold Price Compared To Nearby Counties
| Saint Clair County | $199.5K | $220K | +10.3% |
| Sanilac County | $170.5K | $180K | +5.6% |
| Huron County | $169K | $177.5K | +5.0% |
| Tuscola County | $165K | $165.1K | 0.1% |
Housing Supply in Sanilac County, MI
How many homes are available in Sanilac County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 114 | +32.6% |
Summary: The Sanilac County real estate market had 114 homes for sale in April 2024, a 32.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 45 | 62 | +37.8% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sanilac County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 21 | +250.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanilac County, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Sanilac County in April 2024, up by 250.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for Sanilac County, MI
How long does it take to sell a home in Sanilac County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 131 Days | 86 Days | -33.8% |
Summary: Homes in Sanilac County had an average of 86 days on market in Apr 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sanilac County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 21 homes were sold in Sanilac County; 33% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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