Is Lockport Township, 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, Lockport Township has remained a Seller's Market.
Housing Prices in Lockport Township, MI
How much do homes in Lockport Township, MI cost?
Median Sold Price
$267,670
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lockport Township was $267,670 in April 2024, up 19% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | - | N/A |
2 Bedrooms | $164K | $155.5K | -5.2% |
3 Bedrooms | $225K | $260K | +15.6% |
4 Bedrooms | $249.9K | $274.9K | +10.0% |
5+ Bedrooms | $280K | $287K | +2.5% |
Summary: Lockport Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Three Rivers | $178.9K | $217K | +21.3% |
Lockport Township | $225K | $267.6K | +19.0% |
Nottawa Township | $200.2K | $207K | +3.4% |
Housing Supply in Lockport Township, MI
How many homes are available in Lockport Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Summary: The Lockport Township real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Lockport Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
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 Lockport Township in April 2024, up by 50.0% 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 Lockport Township, MI
How long does it take to sell a home in Lockport Township, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Lockport Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.