Is Lincoln Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lincoln Township has remained a Seller's Market.
Housing Prices in Lincoln Township, MI
How much do homes in Lincoln Township, MI cost?
Median Sold Price
$149,900
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lincoln Township was $149,900 in March 2024, down 0.1% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62K | $50K | -19.4% |
2 Bedrooms | $118.2K | $100K | -15.4% |
3 Bedrooms | $241K | $159.6K | -33.7% |
4 Bedrooms | - | $250K | N/A |
5+ Bedrooms | - | $50K | N/A |
Summary: Lincoln Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 33.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $150K | $149.9K | -0.1% |
Lake | $131K | $124.5K | -4.9% |
Housing Supply in Lincoln Township, MI
How many homes are available in Lincoln Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Summary: The Lincoln Township real estate market had 13 homes for sale in March 2024, a 13.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 6 | 3 | -50.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lincoln 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 increased by 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lincoln Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lincoln Township, MI
How long does it take to sell a home in Lincoln Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
288 Days | 80 Days | -72.2% |
Summary: Homes in Lincoln Township had an average of 80 days on market in Mar 2024, down by 72.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Lincoln Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.