Is Shiawassee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Shiawassee Township was a Buyer's Market.
Key Takeaway
Shiawassee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shiawassee Township, MI
How much do homes in Shiawassee Township, MI cost?
Median Sold Price
$194,950
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Shiawassee Township has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $108.7K | N/A |
| 2 Bedrooms | $175K | $140.5K | -19.7% |
| 3 Bedrooms | $214.9K | $212.4K | -1.2% |
| 4 Bedrooms | $177.1K | $230K | +29.9% |
| 5+ Bedrooms | - | $385K | N/A |
Summary: Shiawassee 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 19.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bennington Township | $220K | $307.5K | +39.8% |
| Caledonia Charter Township | $339K | $374.1K | +10.4% |
| Bancroft | $180K | $187K | +3.9% |
| Shiawassee Township | $195K | $194.9K | 0% |
| Vernon Township | $199K | $177.5K | -10.8% |
Housing Supply in Shiawassee Township, MI
How many homes are available in Shiawassee Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Shiawassee Township real estate market had 4 homes for sale in April 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shiawassee 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shiawassee Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Shiawassee Township in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Shiawassee Township, MI
How long does it take to sell a home in Shiawassee Township, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shiawassee Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Shiawassee Township; 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.
