Is Lewton Rich, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lewton Rich has remained a Seller's Market.
Key Takeaway
Lewton Rich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewton Rich, MI
How much do homes in Lewton Rich, MI cost?
Median Sold Price
$210,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lewton Rich have sold for 5% more than they did a year ago.
Summary: The median home sold price in Lewton Rich was $210,000 in April 2024, up 5% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | - | N/A |
| 3 Bedrooms | $186.6K | $215K | +15.2% |
| 4 Bedrooms | $209.9K | $212.4K | +1.2% |
| 5+ Bedrooms | $230K | $170K | -26.1% |
Summary: Lewton Rich housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 26.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Southside | $129.5K | $137.1K | +5.9% |
| Lewton Rich | $200K | $210K | +5.0% |
| Colonial Village | $154.7K | $161K | +4.0% |
Housing Supply in Lewton Rich, MI
How many homes are available in Lewton Rich, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Lewton Rich real estate market had 2 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lewton Rich housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lewton Rich, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lewton Rich in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lewton Rich, MI
How long does it take to sell a home in Lewton Rich, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 2 Days | -89.7% |
Summary: Homes in Lewton Rich had an average of 2 days on market in Apr 2024, down by 89.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lewton Rich are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Lewton Rich; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
