The Shangrai-La housing market is most competitive. The median sale price of a home in Shangrai-La was $276K last month, down 4.8% since last year. The median sale price per square foot in Shangrai-La is $188, up 22.4% since last year.
What is the housing market like in Shangrai-La today?
In March 2024, Shangrai-La home prices were down 4.8% compared to last year, selling for a median price of $276K. On average, homes in Shangrai-La sell after 64 days on the market compared to 6 days last year. There were 4 homes sold in March this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,950
-4.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Shangrai-La, MI
$275,950
-4.8%
United States
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How hot is the Shangrai-La housing market?
Shangrai-La is most competitive. Homes sell in 6 days.
0
100
90
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 7% above list price and go pending in around 6 days.
Hot homes
can sell for about 16% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Shangrai-La housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Shangrai-La.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Shangrai-La has a moderate risk of flooding. 29 properties in Shangrai-La are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Shangrai-La. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Shangrai-La has a moderate risk of wildfire. There are 30 properties in Shangrai-La that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Shangrai-La.
Shangrai-La has minimal risk of severe winds over the next 30 years
Wind Factor
Shangrai-La has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.