Sherwood Real Estate
1 active listing · 18 sold in the past 12mo
$229,000
Median List Price
18
Sold (past 12mo)
61
Avg Days on Market
+7.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Sherwood Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Sherwood and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
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Homes for Sale(1)
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Recently Sold(18)
Frequently Asked Questions about Sherwood
Are there homes available in Sherwood right now?
Buyers in Sherwood can choose from 1 active listing. The median asking price is $229,000.
What is the median home price in Sherwood?
The median sale price in Sherwood is $229,000, based on 18 closed sales over the past 12 months.
How fast do homes sell in Sherwood?
Homes in Sherwood sell in an average of 61 days, based on 18 sales over the past 12 months.
What school districts serve Sherwood?
Multiple school districts may serve Sherwood. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Sherwood a buyer's or seller's market?
Sherwood is currently a seller's market, with 0.7 months of supply. That ratio comes from 1 active listing relative to 18 sales per year.
How are property taxes calculated in Sherwood?
Property taxes in Sherwood are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Sherwood?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Sherwood is +7.3%. Shrinking household sizes (from 3.09 to 3.06 persons per household) have increased the number of households needing housing by 9 since 2009 — independent of the 6.3% population growth. This is a secondary demographic indicator, not a primary market measure.