$3,086 Closing Credit*
$259,900
1,995 SqFt
4 Beds
•1 Full Bath, 1 Partial
Timothy Updyke, Listing Office: Five Star Real Estate
Is Laketon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$295,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.3%)
Key Takeaway
Homes in Laketon Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Laketon Township was $295,000 in October 2024, up 7.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.5K | $223K | +12.9% |
| 3 Bedrooms | $235K | $272.4K | +15.9% |
| 4 Bedrooms | $279.9K | $325K | +16.1% |
| 5+ Bedrooms | $406K | $507.7K | +25.1% |
Summary: Laketon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 25.1%.
Median Sold Price Compared To Nearby Cities
| Fruitland Township | $289.5K | $350K | +20.9% |
| Laketon Township | $275K | $295K | +7.3% |
| Muskegon Charter Township | $174.8K | $186.1K | +6.5% |
| Muskegon | $174.6K | $185.5K | +6.3% |
Housing Supply in Laketon Township, MI
How many homes are available in Laketon Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Laketon Township real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Laketon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Laketon Township in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 22 Days | +89.3% |
Summary: Homes in Laketon Township had an average of 22 days on market in Oct 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 6 homes were sold in Laketon Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
