Is Sylvan 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, Sylvan Township has remained a Seller's Market.
Housing Prices in Sylvan Township, MI
How much do homes in Sylvan Township, MI cost?
Median Sold Price
$420,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sylvan Township was $420,000 in April 2024, down 3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $252.1K | $234K | -7.2% |
3 Bedrooms | $405K | $415K | +2.5% |
4 Bedrooms | $492.4K | $545K | +10.7% |
5+ Bedrooms | - | - | N/A |
Summary: Sylvan Township 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 decreased by 7.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lyndon Township | $365.5K | $417K | +14.1% |
Dexter Township | $448.7K | $496.2K | +10.6% |
Chelsea | $383.9K | $394.9K | +2.9% |
Sylvan Township | $433.1K | $420K | -3.0% |
Housing Supply in Sylvan Township, MI
How many homes are available in Sylvan Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The Sylvan Township real estate market had 13 homes for sale in April 2024, a 7.1% decrease 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 | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sylvan 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sylvan Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Sylvan Township, MI
How long does it take to sell a home in Sylvan Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
158 Days | 33 Days | -79.0% |
Summary: Homes in Sylvan Township had an average of 33 days on market in Apr 2024, down by 79% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Sylvan Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.