Is Lewiston, 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, Lewiston was a Seller's Market.
Key Takeaway
Lewiston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lewiston, MI
How much do homes in Lewiston, MI cost?
Median Sold Price
$159,450
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lewiston have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Lewiston was $159,450 in March 2024, down 3.3% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $94K | -14.5% |
| 2 Bedrooms | $148.5K | $128K | -13.8% |
| 3 Bedrooms | $182K | $210K | +15.4% |
| 4 Bedrooms | $342.5K | $290K | -15.3% |
| 5+ Bedrooms | - | $454.5K | N/A |
Summary: Lewiston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Albert Township | $182K | $205K | +12.6% |
| Lewiston | $164.9K | $159.4K | -3.3% |
| Greenwood Township | $165K | $158.5K | -3.9% |
Housing Supply in Lewiston, MI
How many homes are available in Lewiston, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Lewiston real estate market had 26 homes for sale in March 2024, a 4.0% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lewiston 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 decreased by 28.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewiston, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Lewiston in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Lewiston, MI
We’re sorry, we don't have information for this market at the moment
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