$4,749 Closing Credit*
$399,900
835 SqFt
2 Beds
•1 Full Bath
Tammy Jonna, Listing Office: DOBI Real Estate
Is Lodi Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Lodi Township, MI
How much do homes in Lodi Township, MI cost?
Median Sold Price
$540,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$16,000(+3.1%)
Key Takeaway
Homes in Lodi Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Lodi Township was $540,000 in September 2024, up 3.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $417.9K | -3.9% |
| 3 Bedrooms | $385K | $475K | +23.4% |
| 4 Bedrooms | $615K | $581K | -5.5% |
| 5+ Bedrooms | $900K | $877.5K | -2.5% |
Summary: Lodi Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 23.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Lodi Township | $524K | $540K | +3.1% |
| Saline Township | $415K | $425.6K | +2.6% |
| Saline | $415K | $425.5K | +2.5% |
| Pittsfield Charter Township | $440K | $450K | +2.3% |
| Scio Township | $540K | $537.5K | -0.5% |
Housing Supply in Lodi Township, MI
How many homes are available in Lodi Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Lodi Township real estate market had 20 homes for sale in September 2024, a 13.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lodi Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lodi Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lodi Township in September 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lodi Township, MI
How long does it take to sell a home in Lodi Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 25 Days | 19 Days | -22.0% |
Summary: Homes in Lodi Township had an average of 19 days on market in Sep 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lodi Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Lodi Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
