Is Lyon Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lyon Charter Township has remained a Seller's Market.
Housing Prices in Lyon Charter Township, MI
How much do homes in Lyon Charter Township, MI cost?
Median Sold Price
$545,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lyon Charter Township was $545,000 in March 2024, up 5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48K | $60.7K | +26.6% |
2 Bedrooms | $247K | $417K | +68.8% |
3 Bedrooms | $425K | $480K | +12.9% |
4 Bedrooms | $550K | $600.6K | +9.2% |
5+ Bedrooms | $604.2K | $601.7K | -0.4% |
Summary: Lyon Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 68.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
South Lyon | $387.5K | $439.4K | +13.4% |
New Hudson | $422K | $467.5K | +10.8% |
Wixom | $330K | $355K | +7.6% |
Lyon Charter Township | $519.1K | $545K | +5.0% |
Salem Township | $616.7K | $514.5K | -16.6% |
Housing Supply in Lyon Charter Township, MI
How many homes are available in Lyon Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 41 | 0.0% |
Summary: The Lyon Charter Township real estate market had 41 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Lyon Charter Township housing inventory by bedroom type for March 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 14.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Lyon Charter Township in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Lyon Charter Township, MI
How long does it take to sell a home in Lyon Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
154 Days | 26 Days | -82.9% |
Summary: Homes in Lyon Charter Township had an average of 26 days on market in Mar 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Lyon Charter Township; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.