Is Lyndon Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyndon Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Lyndon Township has remained a Seller's Market.

Key Takeaway

Lyndon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lyndon Township, MI

How much do homes in Lyndon Township, MI cost?

Median Sold Price

$508,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$143,000(+39.2%)

Key Takeaway

Homes in Lyndon Township have sold for 39.2% more than they did a year ago.

Summary: The median home sold price in Lyndon Township was $508,000 in September 2024, up 39.2% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $169K$575K
+240.2%
2 $170K$277.5K
+63.2%
3 $365K$437.5K
+19.9%
4 $464K$565K
+21.8%
5+ $691.5K$810K
+17.1%

Summary: Lyndon Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 240.2%, 2 bedroom homes increased by 63.2%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Lyndon Township
+39.2%
Unadilla Township
+14.8%
Gregory
+13.2%
Dexter Township
+4.0%

Housing Supply in Lyndon Township, MI

How many homes are available in Lyndon Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1314+7.7%

Summary: The Lyndon Township real estate market had 14 homes for sale in September 2024, a 7.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 11
0.0%
3 66
0.0%
4 34
+33.3%
5+ 22
0.0%

Summary: The Lyndon 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 remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyndon Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lyndon Township in September 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Lyndon Township, MI

How long does it take to sell a home in Lyndon Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
16 Days27 Days+63.6%

Summary: Homes in Lyndon Township had an average of 27 days on market in Sep 2024, up by 63.6% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lyndon Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Lyndon 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Lyndon Township, MI

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