Is Sand Lake, 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, Sand Lake has remained a Seller's Market.
Housing Prices in Sand Lake, MI
How much do homes in Sand Lake, MI cost?
Median Sold Price
$304,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sand Lake was $304,500 in April 2024, up 32.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $245K | N/A |
2 Bedrooms | $130K | $180K | +38.5% |
3 Bedrooms | $212K | $290K | +36.8% |
4 Bedrooms | $275K | $365K | +32.7% |
5+ Bedrooms | $212.5K | $325K | +52.9% |
Summary: Sand Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 52.9%.
Median Sold Price Compared To Nearby Cities
Sand Lake | $230K | $304.5K | +32.4% |
Nelson Township | $250K | $296K | +18.4% |
Housing Supply in Sand Lake, MI
How many homes are available in Sand Lake, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Summary: The Sand Lake real estate market had 17 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sand Lake 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Sand Lake in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Sand Lake, MI
How long does it take to sell a home in Sand Lake, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 6 Days | -42.9% |
Summary: Homes in Sand Lake had an average of 6 days on market in Apr 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Sand Lake; 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.