Is Sheridan Charter Township, 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, Sheridan Charter Township has remained a Seller's Market.
Key Takeaway
Sheridan Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sheridan Charter Township, MI
How much do homes in Sheridan Charter Township, MI cost?
Median Sold Price
$237,825
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sheridan Charter Township have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Sheridan Charter Township was $237,825 in April 2024, up 12.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $114.9K | +6.4% |
| 2 Bedrooms | $90K | $178K | +97.8% |
| 3 Bedrooms | $195K | $223.3K | +14.5% |
| 4 Bedrooms | $273.2K | $279.9K | +2.4% |
| 5+ Bedrooms | $725K | $382K | -47.3% |
Summary: Sheridan Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 97.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 47.3%.
Median Sold Price Compared To Nearby Cities
| Fremont | $184K | $227.5K | +23.6% |
| Sheridan Charter Township | $211.2K | $237.8K | +12.6% |
Housing Supply in Sheridan Charter Township, MI
How many homes are available in Sheridan Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Sheridan Charter Township real estate market had 22 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sheridan Charter Township 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sheridan Charter Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sheridan Charter Township in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Sheridan Charter Township, MI
How long does it take to sell a home in Sheridan Charter Township, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sheridan Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Sheridan Charter Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
