Is Lyon 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, Lyon Charter Township has remained a Seller's Market.
Housing Prices in Lyon Charter Township, MI
How much do homes in Lyon Charter Township, MI cost?
Median Sold Price
$550,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lyon Charter Township was $550,000 in April 2024, up 4.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51K | $67.5K | +32.4% |
2 Bedrooms | $248.5K | $456.2K | +83.6% |
3 Bedrooms | $426K | $483.5K | +13.5% |
4 Bedrooms | $549.9K | $605.9K | +10.2% |
5+ Bedrooms | $604.2K | $629.6K | +4.2% |
Summary: Lyon Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 83.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Wixom | $326.5K | $380K | +16.4% |
New Hudson | $423.5K | $480K | +13.3% |
South Lyon | $397K | $440.2K | +10.9% |
Lyon Charter Township | $524.9K | $550K | +4.8% |
Salem Township | $650K | $509K | -21.7% |
Housing Supply in Lyon Charter Township, MI
How many homes are available in Lyon Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 61 | +41.9% |
Summary: The Lyon Charter Township real estate market had 61 homes for sale in April 2024, a 41.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 18 | 35 | +94.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lyon Charter 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 94.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Lyon Charter Township in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% were sold over asking.
Days on Market for Lyon Charter Township, MI
How long does it take to sell a home in Lyon Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 40 Days | -42.0% |
Summary: Homes in Lyon Charter Township had an average of 40 days on market in Apr 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Lyon Charter Township; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.