Is Lakeside, 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, Lakeside has remained a Seller's Market.
Key Takeaway
Lakeside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakeside, MI
How much do homes in Lakeside, MI cost?
Median Sold Price
$205,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lakeside have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Lakeside was $205,000 in April 2024, up 13.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126.4K | $107.9K | -14.7% |
| 2 Bedrooms | $154K | $199.9K | +29.8% |
| 3 Bedrooms | $195K | $210K | +7.7% |
| 4 Bedrooms | $222.2K | $197.5K | -11.1% |
| 5+ Bedrooms | $216K | $281K | +30.1% |
Summary: Lakeside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakeside | $180K | $205K | +13.9% |
| Nims | $150K | $155K | +3.3% |
| Glenside | $210K | $192.5K | -8.3% |
Housing Supply in Lakeside, MI
How many homes are available in Lakeside, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Lakeside real estate market had 16 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lakeside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeside, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lakeside in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Lakeside, MI
How long does it take to sell a home in Lakeside, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 17 Days | -77.8% |
Summary: Homes in Lakeside had an average of 17 days on market in Apr 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakeside are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Lakeside; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
