Is Lincoln Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lincoln Charter Township was a Seller's Market.
Housing Prices in Lincoln Charter Township, MI
How much do homes in Lincoln Charter Township, MI cost?
Median Sold Price
$321,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lincoln Charter Township was $321,500 in February 2024, down 8.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171.1K | $187K | +9.3% |
2 Bedrooms | $180K | $215K | +19.4% |
3 Bedrooms | $260K | $280K | +7.7% |
4 Bedrooms | $385.2K | $416.7K | +8.2% |
5+ Bedrooms | $517.5K | $550.8K | +6.4% |
Summary: Lincoln Charter Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Saint Joseph Charter Township | $240K | $280K | +16.7% |
Stevensville | $277.5K | $321.9K | +16.0% |
Royalton Township | $406K | $400K | -1.5% |
Lincoln Charter Township | $350K | $321.5K | -8.1% |
Housing Supply in Lincoln Charter Township, MI
How many homes are available in Lincoln Charter Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Lincoln Charter Township real estate market had 38 homes for sale in February 2024, a 2.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 20 | 19 | -5.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lincoln Charter Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lincoln Charter Township in February 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lincoln Charter Township, MI
How long does it take to sell a home in Lincoln Charter Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 84 Days | +123.5% |
Summary: Homes in Lincoln Charter Township had an average of 84 days on market in Feb 2024, up by 123.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Lincoln Charter Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.