Is Sherwood, MI 49089 a buyer’s or seller’s market?
Sherwood is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Sherwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Sherwood, MI 49089 sold above their list price, the typical home went under contract in 5 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold faster (26 days then) and the median sale price rose 163% to $341,352. Overall, Sherwood is less competitive than a year ago, which gives buyers more room.
Within Branch County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Bronson 49028 (38% sold over asking) and Quincy 49082 (27% sold over asking) are even more competitive.
Run the numbers for 49089
Nearby markets
Bronson 49028Seller’s market $187 /sq ftColdwater 49036Seller’s market $175 /sq ftMontgomery 49255Buyer’s market $60 /sq ftQuincy 49082Balanced $163 /sq ft Browse all markets →Towns like Sherwood nearby
Find towns like Sherwood in other states →Where Sherwood is
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Questions about Sherwood real estate
Is Sherwood a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Sherwood, MI 49089 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sherwood?
The typical home went under contract in 5 days in the latest three months.
Do homes in Sherwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Sherwood?
About 1.16% of a home’s value a year in Branch County, or roughly $4,640 on a $400,000 home.
What is the median home price in Sherwood?
The median sale price was $341,352 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology