Is Lyndon 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, Lyndon Township has remained a Seller's Market.
Housing Prices in Lyndon Township, MI
How much do homes in Lyndon Township, MI cost?
Median Sold Price
$425,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lyndon Township was $425,000 in May 2024, up 11.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $372K | N/A |
2 Bedrooms | $180K | $215K | +19.4% |
3 Bedrooms | $373K | $409.5K | +9.8% |
4 Bedrooms | $465K | $530K | +14.0% |
5+ Bedrooms | $691.5K | $370K | -46.5% |
Summary: Lyndon 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 19.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 46.5%.
Median Sold Price Compared To Nearby Cities
Gregory | $267.4K | $323.5K | +20.9% |
Lyndon Township | $380K | $425K | +11.8% |
Dexter Township | $450K | $495K | +10.0% |
Unadilla Township | $248.9K | $267.2K | +7.4% |
Sylvan Township | $410K | $425K | +3.7% |
Housing Supply in Lyndon Township, MI
How many homes are available in Lyndon Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Summary: The Lyndon Township real estate market had 9 homes for sale in May 2024, a 12.5% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lyndon 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lyndon Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lyndon Township, MI
How long does it take to sell a home in Lyndon Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 59 Days | +72.8% |
Summary: Homes in Lyndon Township had an average of 59 days on market in May 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lyndon Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.