Is Lenawee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Lenawee County has remained a Seller's Market.
Key Takeaway
Lenawee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lenawee County, MI
How much do homes in Lenawee County, MI cost?
Median Sold Price
$211,222
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Lenawee County have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Lenawee County was $211,222 in November 2023, up 0.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $70K | -46.1% |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $206.3K | $211.4K | +2.5% |
| 4 Bedrooms | $261.2K | $256.5K | -1.8% |
| 5+ Bedrooms | $289.9K | $243K | -16.2% |
Summary: Lenawee County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 46.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Counties
| Washtenaw County | $364.5K | $379K | +4.0% |
| Jackson County | $181.3K | $187.1K | +3.2% |
| Monroe County | $229.8K | $235K | +2.2% |
| Lenawee County | $210.1K | $211.2K | 0.5% |
Housing Supply in Lenawee County, MI
How many homes are available in Lenawee County, MI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 360 | 352 | -2.2% |
Summary: The Lenawee County real estate market had 352 homes for sale in November 2023, a 2.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 43 | 41 | -4.7% |
| 3 Bedrooms | 177 | 178 | +0.6% |
| 4 Bedrooms | 100 | 99 | -1.0% |
| 5+ Bedrooms | 37 | 33 | -10.8% |
Summary: The Lenawee County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 10.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 89 | 88 | -1.1% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenawee County, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Lenawee County in November 2023, down by 1.1% month-over-month. Of the 88 sold homes, 52% were sold under asking, 11% were sold at asking, and 36% were sold over asking.
Days on Market for Lenawee County, MI
How long does it take to sell a home in Lenawee County, MI?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 88 Days | 48 Days | -45.7% |
Summary: Homes in Lenawee County had an average of 48 days on market in Nov 2023, down by 45.7% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lenawee County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 88 homes were sold in Lenawee County; 44% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.