Is Lilley Township, 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, Lilley Township was a Seller's Market.
Key Takeaway
Lilley Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lilley Township, MI
How much do homes in Lilley Township, MI cost?
Median Sold Price
$131,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lilley Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Lilley Township was $131,000 in March 2024, up 6.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $125K | +47.1% |
| 2 Bedrooms | $219.9K | $128.5K | -41.6% |
| 3 Bedrooms | $134K | $246.5K | +84.0% |
| 4 Bedrooms | - | $266.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lilley Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes decreased by 41.6%, 3 bedroom homes increased by 84%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pleasant Plains Township | $90K | $125K | +38.9% |
| Lilley Township | $122.5K | $131K | +6.9% |
| Bitely | $130K | $129.2K | -0.6% |
Housing Supply in Lilley Township, MI
How many homes are available in Lilley Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Lilley Township real estate market had 9 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lilley Township 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lilley Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lilley Township in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lilley Township, MI
How long does it take to sell a home in Lilley Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 104 Days | 11 Days | -89.4% |
Summary: Homes in Lilley Township had an average of 11 days on market in Mar 2024, down by 89.4% 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 Lilley Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Lilley Township; 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.
