Is Lansing Charter 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, Lansing Charter Township has remained a Seller's Market.
Key Takeaway
Lansing Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansing Charter Township, MI
How much do homes in Lansing Charter Township, MI cost?
Median Sold Price
$145,982
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lansing Charter Township have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Lansing Charter Township was $145,982 in April 2024, up 4.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $66.5K | +14.7% |
| 2 Bedrooms | $95.1K | $106.9K | +12.5% |
| 3 Bedrooms | $149.6K | $155.2K | +3.7% |
| 4 Bedrooms | $199.9K | $195K | -2.5% |
| 5+ Bedrooms | $218.5K | $313.7K | +43.6% |
Summary: Lansing Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 43.6%.
Median Sold Price Compared To Nearby Cities
| Meridian Charter Township | $290.2K | $308.3K | +6.2% |
| Lansing | $140K | $148K | +5.8% |
| East Lansing | $268.9K | $284K | +5.6% |
| Lansing Charter Township | $139.9K | $145.9K | +4.3% |
| DeWitt Charter Township | $325K | $335K | +3.1% |
Housing Supply in Lansing Charter Township, MI
How many homes are available in Lansing Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 509 | 530 | +4.1% |
Summary: The Lansing Charter Township real estate market had 530 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 133 | 141 | +6.0% |
| 3 Bedrooms | 252 | 256 | +1.6% |
| 4 Bedrooms | 93 | 98 | +5.4% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Lansing Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 148 | 157 | +6.1% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
74 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansing Charter Township, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 157 homes were sold or pending in Lansing Charter Township in April 2024, up by 6.1% month-over-month. Of the 157 sold homes, 38% were sold under asking, 15% were sold at asking, and 47% were sold over asking.
Days on Market for Lansing Charter Township, MI
How long does it take to sell a home in Lansing Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 27 Days | +4.8% |
Summary: Homes in Lansing Charter Township had an average of 27 days on market in Apr 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
113 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lansing Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 157 homes were sold in Lansing Charter Township; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.