Is Laketon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Laketon Township has remained a Seller's Market.
Housing Prices in Laketon Township, MI
How much do homes in Laketon Township, MI cost?
Median Sold Price
$300,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Laketon Township was $300,000 in April 2024, up 25% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $232.5K | $215K | -7.5% |
3 Bedrooms | $225.5K | $274.9K | +21.9% |
4 Bedrooms | $275K | $341K | +24.0% |
5+ Bedrooms | $515K | $373K | -27.6% |
Summary: Laketon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
Laketon Township | $240K | $300K | +25.0% |
Muskegon | $155.8K | $180.1K | +15.6% |
North Muskegon | $247K | $275K | +11.3% |
Muskegon Charter Township | $167.8K | $180.4K | +7.5% |
Fruitland Township | $290K | $292.5K | +0.9% |
Housing Supply in Laketon Township, MI
How many homes are available in Laketon Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Summary: The Laketon Township real estate market had 16 homes for sale in April 2024, a 15.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Laketon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Laketon Township in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Laketon Township, MI
How long does it take to sell a home in Laketon Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
97 Days | 43 Days | -55.8% |
Summary: Homes in Laketon Township had an average of 43 days on market in Apr 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Laketon Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.