Is Lambertville, 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, Lambertville has remained a Seller's Market.
Key Takeaway
Lambertville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lambertville, MI
How much do homes in Lambertville, MI cost?
Median Sold Price
$254,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lambertville have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Lambertville was $254,000 in April 2024, down 1.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $219K | +6.8% |
| 3 Bedrooms | $238K | $240.1K | +0.9% |
| 4 Bedrooms | $323.6K | $305K | -5.8% |
| 5+ Bedrooms | $324.9K | $439.4K | +35.3% |
Summary: Lambertville 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 increased by 6.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
| Temperance | $259.9K | $260K | 0.0% |
| Bedford Township | $258.3K | $255.3K | -1.2% |
| Lambertville | $257.5K | $254K | -1.4% |
| Whiteford Township | $276K | $267.5K | -3.1% |
| Ottawa Lake | $274.5K | $260K | -5.3% |
Housing Supply in Lambertville, MI
How many homes are available in Lambertville, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The Lambertville real estate market had 30 homes for sale in April 2024, a 11.1% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Lambertville 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 decreased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lambertville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lambertville in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Lambertville, MI
How long does it take to sell a home in Lambertville, MI?
Breakdown of Home Sale Times
6 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 Lambertville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Lambertville; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
