Is Sandstone Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sandstone Township has remained a Seller's Market.
Key Takeaway
Sandstone Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sandstone Township, MI
How much do homes in Sandstone Township, MI cost?
Median Sold Price
$206,300
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sandstone Township have sold for 17.5% less than they did a year ago.
Summary: The median home sold price in Sandstone Township was $206,300 in May 2024, down 17.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $186K | +43.1% |
| 3 Bedrooms | $250K | $196K | -21.6% |
| 4 Bedrooms | $255K | $307K | +20.4% |
| 5+ Bedrooms | $453.7K | $556.5K | +22.6% |
Summary: Sandstone Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.1%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
| Blackman Charter Township | $172.2K | $190.5K | +10.6% |
| Tompkins Township | $247K | $250K | +1.2% |
| Parma | $240K | $220K | -8.3% |
| Sandstone Township | $250K | $206.3K | -17.5% |
Housing Supply in Sandstone Township, MI
How many homes are available in Sandstone Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Sandstone Township real estate market had 9 homes for sale in May 2024, a 10.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sandstone Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sandstone Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Sandstone Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sandstone Township, MI
How long does it take to sell a home in Sandstone Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 156 Days | 82 Days | -47.1% |
Summary: Homes in Sandstone Township had an average of 82 days on market in May 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sandstone Township has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Sandstone Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.