Is Lockport 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, Lockport Township has remained a Seller's Market.
Key Takeaway
Lockport Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockport Township, MI
How much do homes in Lockport Township, MI cost?
Median Sold Price
$267,670
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lockport Township have sold for 19% more than they did a year ago.
Summary: The median home sold price in Lockport Township was $267,670 in April 2024, up 19% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $164K | $155.5K | -5.2% |
| 3 Bedrooms | $225K | $260K | +15.6% |
| 4 Bedrooms | $249.9K | $274.9K | +10.0% |
| 5+ Bedrooms | $280K | $287K | +2.5% |
Summary: Lockport 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 5.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Three Rivers | $178.9K | $217K | +21.3% |
| Lockport Township | $225K | $267.6K | +19.0% |
| Nottawa Township | $200.2K | $207K | +3.4% |
Housing Supply in Lockport Township, MI
How many homes are available in Lockport Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Lockport Township real estate market had 14 homes for sale in April 2024, a 7.7% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Lockport 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lockport Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lockport Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lockport Township, MI
How long does it take to sell a home in Lockport Township, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lockport Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Lockport Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
