Is London 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, London Township has remained a Seller's Market.
Key Takeaway
London Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in London Township, MI
How much do homes in London Township, MI cost?
Median Sold Price
$259,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in London Township have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in London Township was $259,500 in April 2024, up 10.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $160.5K | $97K | -39.6% |
| 3 Bedrooms | $237K | $294K | +24.1% |
| 4 Bedrooms | $238K | $400K | +68.1% |
| 5+ Bedrooms | $357.5K | $321.2K | -10.1% |
Summary: London 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 39.6%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 68.1%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Exeter Township | $270K | $304.9K | +13.0% |
| London Township | $235K | $259.5K | +10.4% |
| Willis | $290.5K | $300K | +3.3% |
| Augusta Charter Township | $335K | $340K | +1.5% |
| Dundee Township | $299.5K | $287.5K | -4.0% |
Housing Supply in London Township, MI
How many homes are available in London Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The London Township real estate market had 10 homes for sale in April 2024, a 42.9% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The London 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in London Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in London Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for London Township, MI
How long does it take to sell a home in London Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in London Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in London Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
