Is Lodi Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lodi Township has remained a Seller's Market.
Housing Prices in Lodi Township, MI
How much do homes in Lodi Township, MI cost?
Median Sold Price
$560,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lodi Township was $560,000 in April 2024, up 7.7% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $435K | $332.4K | -23.6% |
3 Bedrooms | $430K | $405K | -5.8% |
4 Bedrooms | $637.5K | $615K | -3.5% |
5+ Bedrooms | $875K | $890K | +1.7% |
Summary: Lodi Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Lodi Township | $520K | $560K | +7.7% |
Scio Township | $498.4K | $535K | +7.3% |
Pittsfield Charter Township | $430K | $444.8K | +3.4% |
Saline Township | $434K | $414K | -4.6% |
Saline | $440K | $414K | -5.9% |
Housing Supply in Lodi Township, MI
How many homes are available in Lodi Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The Lodi Township real estate market had 23 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lodi Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lodi Township in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 66 Days | +73.0% |
Summary: Homes in Lodi Township had an average of 66 days on market in Apr 2024, up by 73% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lodi Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.