Is Laketown Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Laketown Township was a Neutral Market.
Key Takeaway
Laketown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laketown Township, MI
How much do homes in Laketown Township, MI cost?
Median Sold Price
$452,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Laketown Township have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Laketown Township was $452,000 in March 2024, up 3.9% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $249.9K | +6.3% |
| 2 Bedrooms | $295K | $285K | -3.4% |
| 3 Bedrooms | $394.1K | $400K | +1.5% |
| 4 Bedrooms | $550K | $621K | +12.9% |
| 5+ Bedrooms | $867.5K | $595K | -31.4% |
Summary: Laketown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
| Holland | $291.3K | $335K | +15.0% |
| Park Township | $399.9K | $424.9K | +6.3% |
| Laketown Township | $435K | $452K | +3.9% |
| Fillmore Township | $352.5K | $292.5K | -17.0% |
Housing Supply in Laketown Township, MI
How many homes are available in Laketown Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Laketown Township real estate market had 15 homes for sale in March 2024, a 36.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Laketown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
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 Laketown Township, 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 Laketown Township in March 2024, up by 150.0% month-over-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 Laketown Township, MI
How long does it take to sell a home in Laketown Township, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laketown Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Laketown 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.
