Is Lowell Charter 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, Lowell Charter Township has remained a Seller's Market.
Key Takeaway
Lowell Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Lowell Charter Township, MI cost?
Median Sold Price
$355,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Key Takeaway
Homes in Lowell Charter Township have sold for 2.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | $68K | N/A |
| 2 Bedrooms | $353.9K | $251K | -29.1% |
| 3 Bedrooms | $310K | $314K | +1.3% |
| 4 Bedrooms | $364.6K | $389.9K | +6.9% |
| 5+ Bedrooms | $435K | $537.5K | +23.6% |
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $368K | $425K | +15.5% |
| Ada | $520K | $578.5K | +11.3% |
| Lowell | $280.5K | $310K | +10.5% |
| Lowell Charter Township | $345K | $355K | +2.9% |
| Boston Township | $267.5K | $275K | +2.8% |
How many homes are available in Lowell Charter Township, MI?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 58 | 56 | -3.4% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 10 | 7 | -30.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
How long does it take to sell a home in Lowell Charter Township, MI?
How long does it take to sell a home in Lowell Charter Township, MI?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 7 Days | 15 Days | +102.7% |
Breakdown of Home Sale Times
2 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 Lowell Charter Township are selling fast, if you're buying plan to act quickly.
