Is Lenox Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lenox Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lenox Township has remained a Seller's Market.

Key Takeaway

Lenox Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lenox Township, MI cost?

Median Sold Price

$313,582

$149/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

+$103,582(+49.3%)

Key Takeaway

Homes in Lenox Township have sold for 49.3% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 --
N/A
3 $250K$291.2K
+16.5%
4 $192.5K$335.5K
+74.3%
5+ -$316.9K
N/A

Median Sold Price Compared To Nearby Cities

Lenox Township
+49.3%
New Haven
+45.9%

How many homes are available in Lenox Township, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
2224+9.1%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 00
0.0%
3 1114
+27.3%
4 86
-25.0%
5+ 34
+33.3%

Number of Homes Sold

Mar 2022Apr 2022%
56+20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lenox Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Average Sale Time

Mar 2022Apr 2022%
38 Days6 Days-84.2%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lenox Township are selling fast, if you're buying plan to act quickly.

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

About Lenox Township, MI

Lenox Township, MI has 24 homes on the market. The inventory of homes for sale in Lenox Township, MI between March 2022 and April 2022 increased by 9.1%. Listings spent 6 days on the market in April 2022, and had a median list price of $313,582 during the same period. From April 2021 through April 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, prices of 3 bedrooms properties went up by 16.5%, 4 bedrooms properties became 74.3% more expensive, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 27.3%, the quantity of 4 bedrooms homes went down by 25%, the quantity of 5 bedrooms homes went up by 33.3%. Lenox Township, MI housing market in April 2022 saw over 5 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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