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.

New

36055 31 Mile Rd, Lenox, MI 48050

36055 31 Mile Rd, Lenox, MI 48050

$298,900
1,947 SqFt
3 Bedrooms
~$1,350/mo.*1 Full Bath, 1 Partial
#50076084Listing Office:
Berkshire Hathaway HomeServices Kee Realty NBMLS logo

New

58677 Havenridge, New Haven, MI 48048

58677 Havenridge, New Haven, MI 48048

$154,900
1,050 SqFt
3 Bedrooms
~$700/mo.*1 Full Bath
#50075607Listing Office:
Shanks Real EstateMLS logo

New

32503 Arlington, New Haven, MI 48048

32503 Arlington, New Haven, MI 48048

$299,990
1,808 SqFt
3 Bedrooms
~$1,350/mo.*2 Full Baths, 1 Partial
#60099358Listing Office:
Lombardo RealtyMLS logo

New

32419 Arlington, New Haven, MI 48048

32419 Arlington, New Haven, MI 48048

$321,990
2,320 SqFt
4 Bedrooms
~$1,450/mo.*2 Full Baths, 1 Partial
#60099348Listing Office:
Lombardo RealtyMLS logo

New

0 26 Mile, Lenox, MI 48048

0 26 Mile, Lenox, MI 48048

$225,000
13.07 Acres 
~$1,000/mo.*
#50075102Listing Office:
Pilot Property Group - Residential LLCMLS logo
County Line, Lenox, MI 48050

County Line, Lenox, MI 48050

$438,430
51.58 Acres 
~$1,950/mo.*
#50074740Listing Office:
Shanks Real EstateMLS logo
59312 N Bradford, New Haven, MI 48048

59312 N Bradford, New Haven, MI 48048

$205,000
1,596 SqFt
3 Bedrooms
~$900/mo.*2 Full Baths, 1 Partial
#60090563Listing Office:
Pellow Realty Group LLCMLS logo
57250 Main, New Haven, MI 48048

57250 Main, New Haven, MI 48048

$239,900
2,023 SqFt
3 Bedrooms
~$1,100/mo.*2 Full Baths
#60089626Listing Office:
Berkshire Hathaway HomeServices Kee Realty New BalMLS logo
57987 Main, New Haven, MI 48048

57987 Main, New Haven, MI 48048

$199,500
1,800 SqFt
3 Bedrooms
~$900/mo.*2 Full Baths
#50071962Listing Office:
Berkshire Hathaway HomeServices Kee Realty NBMLS logo
60390 Havenridge, Lenox, MI 48048

60390 Havenridge, Lenox, MI 48048

$284,900
1,272 SqFt
3 Bedrooms
~$1,300/mo.*2 Full Baths
#60088755Listing Office:
Berkshire Hathaway HomeServices Kee Realty BhamMLS logo
58553 Chennault Dr, New Haven, MI 48048

58553 Chennault Dr, New Haven, MI 48048

$210,000
1,488 SqFt
3 Bedrooms
~$950/mo.*1 Full Bath, 1 Partial
#50070884Listing Office:
Select RE Prof - James Ray & AssociatesMLS logo
0 Place Rd, Lenox, MI 48050

0 Place Rd, Lenox, MI 48050

$50,000
2.00 Acres 
~$200/mo.*
#50069750Listing Office:
Berkshire Hathaway HomeServices Kee Realty NBMLS logo

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.

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. for the period 03/01/2022 - 05/01/2022

IDX 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.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 5/28/2022, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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