Is Shiawassee 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, Shiawassee County has remained a Seller's Market.
Key Takeaway
Shiawassee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shiawassee County, MI
How much do homes in Shiawassee County, MI cost?
Median Sold Price
$177,196
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shiawassee County have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Shiawassee County was $177,196 in April 2024, up 1.2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | $70K | +17.6% |
| 2 Bedrooms | $120K | $132.5K | +10.4% |
| 3 Bedrooms | $180K | $179.5K | -0.2% |
| 4 Bedrooms | $215K | $230K | +7.0% |
| 5+ Bedrooms | $200K | $305K | +52.5% |
Summary: Shiawassee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 52.5%.
Median Sold Price Compared To Nearby Counties
| Saginaw County | $143.4K | $159.2K | +11.0% |
| Livingston County | $348.9K | $364.8K | +4.5% |
| Genesee County | $189.5K | $196.9K | +3.9% |
| Ingham County | $184.8K | $190.6K | +3.1% |
| Shiawassee County | $175K | $177.1K | +1.2% |
Housing Supply in Shiawassee County, MI
How many homes are available in Shiawassee County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 176 | 206 | +17.0% |
Summary: The Shiawassee County real estate market had 206 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 105 | 118 | +12.4% |
| 4 Bedrooms | 34 | 50 | +47.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Shiawassee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 65 | +54.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shiawassee County, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in Shiawassee County in April 2024, up by 54.8% month-over-month. Of the 65 sold homes, 37% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Shiawassee County, MI
How long does it take to sell a home in Shiawassee County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 27 Days | -23.6% |
Summary: Homes in Shiawassee County had an average of 27 days on market in Apr 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shiawassee County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 65 homes were sold in Shiawassee County; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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