Is Lyndon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$530,000
$253/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Lyndon Township have sold for 1.9% less than they did a month ago.
Summary: The median home sold price in Lyndon Township was $530,000 in March 2024, down 1.9% from last month, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $575K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $540K | $550K | +1.9% |
| 4 Bedrooms | - | $510K | N/A |
| 5+ Bedrooms | - | $370K | N/A |
Summary: Lyndon Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lyndon Township, MI
How many homes are available in Lyndon Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Lyndon Township real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lyndon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
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 Lyndon 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 Lyndon Township in March 2024, up by 100.0% 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 Lyndon Township, MI
How long does it take to sell a home in Lyndon Township, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 35 Days | +314.7% |
Summary: Homes in Lyndon Township had an average of 35 days on market in Mar 2024, up by 314.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyndon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Lyndon Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
