Is Lodi Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Lodi Township has remained a Seller's Market.
Key Takeaway
Lodi Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Lodi Township, MI cost?
Median Sold Price
$515,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$80,000(-13.4%)
Key Takeaway
Homes in Lodi Township have sold for 13.4% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $422.5K | $435K | +3.0% |
| 3 Bedrooms | $577K | $427.5K | -25.9% |
| 4 Bedrooms | $575K | $570.7K | -0.7% |
| 5+ Bedrooms | $827K | $925K | +11.9% |
Median Sold Price Compared To Nearby Cities
| Saline Township | $360K | $415K | +15.3% |
| Saline | $358K | $386.2K | +7.9% |
| Scio Township | $475.2K | $507.5K | +6.8% |
| Pittsfield Charter Township | $400K | $420K | +5.0% |
| Lodi Township | $595K | $515K | -13.4% |
How many homes are available in Lodi Township, MI?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 20 | 23 | +15.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lodi Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
