Is LaGrange Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing LaGrange Township is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, LaGrange Township was a Neutral Market.

Key Takeaway

LaGrange Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in LaGrange Township, MI

How much do homes in LaGrange Township, MI cost?

Median Sold Price

$233,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$37,500(+19.2%)

Key Takeaway

Homes in LaGrange Township have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in LaGrange Township was $233,000 in September 2024, up 19.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $94.7K$205K
+116.4%
3 $209.9K$233K
+11.0%
4 $60K$293.5K
+389.2%
5+ $320K$420K
+31.3%

Summary: LaGrange Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 116.4%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 389.2%, and 5+ bedroom homes increased by 31.3%.

Median Sold Price Compared To Nearby Cities

Cassopolis
+19.9%
LaGrange Township
+19.2%
Wayne Township
+16.7%
Jefferson Township
+11.0%
Dowagiac
+7.5%

Housing Supply in LaGrange Township, MI

How many homes are available in LaGrange Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1814-22.2%

Summary: The LaGrange Township real estate market had 14 homes for sale in September 2024, a 22.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 98
-11.1%
4 21
-50.0%
5+ 10
-100.0%

Summary: The LaGrange Township housing inventory by bedroom type for September 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 decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in LaGrange Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in LaGrange Township in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for LaGrange Township, MI

How long does it take to sell a home in LaGrange Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
114 Days81 Days-28.7%

Summary: Homes in LaGrange Township had an average of 81 days on market in Sep 2024, down by 28.7% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in LaGrange Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in LaGrange 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in LaGrange Township, MI

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