Is Lenawee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lenawee County has remained a Seller's Market.
Housing Prices in Lenawee County, MI
How much do homes in Lenawee County, MI cost?
Median Sold Price
$212,290
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lenawee County was $212,290 in April 2024, up 0.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $92.5K | +23.3% |
2 Bedrooms | $149K | $162K | +8.7% |
3 Bedrooms | $209.4K | $207.3K | -1.0% |
4 Bedrooms | $259.8K | $260K | 0.1% |
5+ Bedrooms | $271K | $285K | +5.2% |
Summary: Lenawee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Counties
Jackson County | $180K | $199.9K | +11.1% |
Washtenaw County | $369.7K | $390.1K | +5.5% |
Monroe County | $229.4K | $239.9K | +4.6% |
Lenawee County | $211.3K | $212.2K | 0.4% |
Housing Supply in Lenawee County, MI
How many homes are available in Lenawee County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
334 | 365 | +9.3% |
Summary: The Lenawee County real estate market had 365 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 38 | 44 | +15.8% |
3 Bedrooms | 177 | 186 | +5.1% |
4 Bedrooms | 94 | 107 | +13.8% |
5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Lenawee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 108 | +44.0% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Lenawee County in April 2024, up by 44.0% month-over-month. Of the 108 sold homes, 44% were sold under asking, 29% were sold at asking, and 27% were sold over asking.
Days on Market for Lenawee County, MI
How long does it take to sell a home in Lenawee County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 58 Days | +3.0% |
Summary: Homes in Lenawee County had an average of 58 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 108 homes were sold in Lenawee County; 31% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.