Is Lenawee County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lenawee County is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Lenawee County, MI cost?

Median Sold Price

$199,942

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$24,942(+14.3%)

Key Takeaway

Homes in Lenawee County have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $31.5K$49.9K
+58.4%
2 $139.9K$131.7K
-5.9%
3 $174.9K$200K
+14.3%
4 $200K$250K
+25.0%
5+ $218.2K$252K
+15.5%

Median Sold Price Compared To Nearby Counties

Hillsdale County
+16.4%
Lenawee County
+14.3%
Washtenaw County
+12.3%
Fulton County
+6.7%
Jackson County
+4.9%

How many homes are available in Lenawee County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
485493+1.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 13
+200.0%
2 7168
-4.2%
3 262263
0.4%
4 118122
+3.4%
5+ 3337
+12.1%

Number of Homes Sold

Aug 2022Sep 2022%
111136+22.5%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lenawee County, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
31 Days43 Days+39.9%

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

62 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lenawee County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lenawee County, MI

There are 493 homes are for sale in Lenawee County, MI real estate market. In September 2022 in Lenawee County, MI there were 1.6% more homes for sale than in August 2022. In September 2022 median list price was $199,942 and the average listing age was 43 days. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 58.4%, 2 bedrooms properties prices decreased by 5.9%, 3 bedrooms properties prices increased by 14.3%, prices of 4 bedrooms properties increased by 25%, the cost of 5 bedrooms properties went up by 15.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 200% more available, the quantity of 2 bedrooms homes went down by 4.2%, the quantity of 3 bedrooms homes went up by 0.4%, the quantity of 4 bedrooms homes went up by 3.4%, number of 5 bedrooms homes increased by 12.1%. Lenawee County, MI housing market in September 2022 saw over 44 listings sold above listed price, more than 36 sold at listed price and over 56 sold below.

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