Is Lincoln Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lincoln Township was a Neutral Market.
Housing Prices in Lincoln Township, MI
How much do homes in Lincoln Township, MI cost?
Median Sold Price
$153,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lincoln Township was $153,000 in May 2024, up 9.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $132.5K | +39.5% |
2 Bedrooms | $141K | $129.9K | -7.9% |
3 Bedrooms | $144.5K | $149.9K | +3.8% |
4 Bedrooms | $150K | $317.5K | +111.7% |
5+ Bedrooms | - | $212.5K | N/A |
Summary: Lincoln Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 111.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cedar Township | $322.5K | $488.2K | +51.4% |
Richmond Township | $207.5K | $290.5K | +40.0% |
Lincoln Township | $140K | $153K | +9.3% |
Leroy | $160K | $172.5K | +7.8% |
Housing Supply in Lincoln Township, MI
How many homes are available in Lincoln Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Lincoln Township real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lincoln 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 decreased by 16.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lincoln Township in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lincoln Township, MI
How long does it take to sell a home in Lincoln Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 102 Days | +436.8% |
Summary: Homes in Lincoln Township had an average of 102 days on market in May 2024, up by 436.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lincoln Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.