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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincoln Charter Township is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Lincoln Charter Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Lincoln Charter Township, MI cost?

Median Sold Price

$320,950

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$41,016(+14.7%)

Key Takeaway

Homes in Lincoln Charter Township have sold for 14.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $146K$171.1K
+17.2%
2 $160K$181.5K
+13.4%
3 $224K$256K
+14.3%
4 $342.5K$383.5K
+12.0%
5+ $465.2K$487.5K
+4.8%

Median Sold Price Compared To Nearby Cities

Baroda Township
+43.3%
Lincoln Charter Township
+14.7%
Saint Joseph Charter Township
-1.4%
Shoreham
-45.6%

How many homes are available in Lincoln Charter Township, MI?

Number of Homes For Sale

Jun 2022Jul 2022%
7371-2.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 57
+40.0%
3 2121
0.0%
4 2929
0.0%
5+ 1713
-23.5%

Number of Homes Sold

Jun 2022Jul 2022%
2421-12.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincoln Charter Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lincoln Charter 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 Lincoln Charter Township, MI

Number of homes for sale in Lincoln Charter Township, MI real estate market have reached 71. The number of listings in Lincoln Charter Township, MI decreased by 2.7% between June 2022 and July 2022. The median list price of listings available in July 2022 was $320,950, while the average time on the real estate market was 23 days. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties prices increased by 17.2%, 2 bedrooms properties became 13.4% more expensive, 3 bedrooms properties became 14.3% more expensive, prices of 4 bedrooms properties went up by 12%, 5 bedrooms properties became 4.8% more expensive. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 40% more available, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes went down by 23.5%. Lincoln Charter Township, MI housing market in July 2022 saw over 9 listings sold above listed price, more than 4 sold at listed price and over 8 sold below.

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