Is Lawrence 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, Lawrence Township was a Seller's Market.
Housing Prices in Lawrence Township, MI
How much do homes in Lawrence Township, MI cost?
Median Sold Price
$190,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lawrence Township was $190,000 in March 2024, down 20.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $183.5K | N/A |
2 Bedrooms | $190K | $134.9K | -29.0% |
3 Bedrooms | $215.6K | $185K | -14.2% |
4 Bedrooms | $487K | $283K | -41.9% |
5+ Bedrooms | $450K | $560K | +24.4% |
Summary: Lawrence Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 41.9%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
Paw Paw Township | $215K | $245K | +14.0% |
Lawrence Township | $240K | $190K | -20.8% |
Housing Supply in Lawrence Township, MI
How many homes are available in Lawrence Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Summary: The Lawrence Township real estate market had 12 homes for sale in March 2024, a 33.3% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lawrence 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Lawrence Township in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lawrence Township, MI
How long does it take to sell a home in Lawrence Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
316 Days | 260 Days | -17.7% |
Summary: Homes in Lawrence Township had an average of 260 days on market in Mar 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Lawrence Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.