$2,672 Closing Credit*
$225,000
1,341 SqFt
2 Beds
•1 Full Bath
Jessica Mann, Terry Puffer, Listing Office: Five Star Real Estate (Main), Five Star Real Estate-W Norton
Is Laketon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Laketon Township has remained a Seller's Market.
Key Takeaway
Laketon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laketon Township, MI
How much do homes in Laketon Township, MI cost?
Median Sold Price
$296,930
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,930(+8.0%)
Key Takeaway
Homes in Laketon Township have sold for 8% more than they did a year ago.
Summary: The median home sold price in Laketon Township was $296,930 in November 2024, up 8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $211.2K | $221.5K | +4.9% |
| 3 Bedrooms | $237.5K | $285K | +20.0% |
| 4 Bedrooms | $288.4K | $325K | +12.7% |
| 5+ Bedrooms | $449K | $499.2K | +11.2% |
Summary: Laketon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Fruitland Township | $319.4K | $350K | +9.6% |
| Laketon Township | $275K | $296.9K | +8.0% |
| Muskegon | $175.9K | $186.9K | +6.2% |
| Muskegon Charter Township | $176.8K | $187.5K | +6.1% |
Housing Supply in Laketon Township, MI
How many homes are available in Laketon Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Laketon Township real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Laketon Township 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laketon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Laketon Township in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Laketon Township, MI
How long does it take to sell a home in Laketon Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +27.5% |
Summary: Homes in Laketon Township had an average of 31 days on market in Nov 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laketon Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Laketon Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
