Is Lakeside, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeside is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lakeside was a Buyer's Market.

Key Takeaway

Lakeside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lakeside, MI

How much do homes in Lakeside, MI cost?

Median Sold Price

$1,295,000

$556/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$170,000(+15.1%)

Key Takeaway

Homes in Lakeside have sold for 15.1% more than they did a month ago.

Summary: The median home sold price in Lakeside was $1,295,000 in November 2024, up 15.1% from last month, and the median price per square foot was $556.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.3M
N/A
4 -$650K
N/A
5+ $1.1M$1.4M
+28.5%

Summary: Lakeside housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 28.5%.

Housing Supply in Lakeside, MI

How many homes are available in Lakeside, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The Lakeside real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 45
+25.0%
5+ 43
-25.0%

Summary: The Lakeside housing inventory by bedroom type for November 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 increased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeside, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lakeside in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lakeside, MI

How long does it take to sell a home in Lakeside, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
19 Days24 Days+28.9%

Summary: Homes in Lakeside had an average of 24 days on market in Nov 2024, up by 28.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakeside are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Lakeside; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Lakeside, MI

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