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 June 2023
Since last year, Lowell Charter Township has remained a Seller's Market.
Housing Prices in Lowell Charter Township, MI
How much do homes in Lowell Charter Township, MI cost?
Median Sold Price
$391,250
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lowell Charter Township was $391,250 in June 2024, up 11.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123K | $170K | +38.2% |
2 Bedrooms | $250K | $350K | +40.0% |
3 Bedrooms | $310K | $335K | +8.1% |
4 Bedrooms | $397.5K | $442.7K | +11.4% |
5+ Bedrooms | $530K | $550K | +3.8% |
Summary: Lowell Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Lowell | $350.2K | $390K | +11.3% |
Lowell Charter Township | $351.7K | $391.2K | +11.2% |
Boston Township | $279.9K | $302.2K | +8.0% |
Ada | $580K | $620K | +6.9% |
Vergennes Township | $469.2K | $500K | +6.5% |
Housing Supply in Lowell Charter Township, MI
How many homes are available in Lowell Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
57 | 64 | +12.3% |
Summary: The Lowell Charter Township real estate market had 64 homes for sale in June 2024, a 12.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Lowell Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lowell Charter Township in June 2024, down by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Lowell Charter Township, MI
How long does it take to sell a home in Lowell Charter Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 13 Days | -10.1% |
Summary: Homes in Lowell Charter Township had an average of 13 days on market in Jun 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Lowell Charter Township; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.