Is Lovells 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, Lovells Township has remained a Seller's Market.
Key Takeaway
Lovells Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lovells Township, MI
How much do homes in Lovells Township, MI cost?
Median Sold Price
$259,900
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lovells Township have sold for 59.5% more than they did a year ago.
Summary: The median home sold price in Lovells Township was $259,900 in April 2024, up 59.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $165K | +10.0% |
| 2 Bedrooms | $120K | $250K | +108.3% |
| 3 Bedrooms | $215K | $340K | +58.1% |
| 4 Bedrooms | $338.5K | $112.7K | -66.7% |
| 5+ Bedrooms | $975K | - | N/A |
Summary: Lovells Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 108.3%, 3 bedroom homes increased by 58.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lovells Township | $162.9K | $259.9K | +59.5% |
| Albert Township | $180K | $220K | +22.2% |
| Lewiston | $165K | $159.9K | -3.1% |
| Greenwood Township | $168K | $158.5K | -5.7% |
Housing Supply in Lovells Township, MI
How many homes are available in Lovells Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Lovells Township real estate market had 7 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lovells 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 remained the same, 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
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lovells Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lovells Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lovells Township, MI
How long does it take to sell a home in Lovells 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 Lovells Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Lovells Township; 75% 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.
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