$1,899 Closing Credit*
$159,900
1,110 SqFt
2 Beds
•1 Full Bath, 1 Partial
Marcia A Myers, Listing Office: Your Team Realty
Is Lakeview, 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, Lakeview has remained a Seller's Market.
Key Takeaway
Lakeview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakeview, MI
How much do homes in Lakeview, MI cost?
Median Sold Price
$211,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,500(+3.2%)
Key Takeaway
Homes in Lakeview have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Lakeview was $211,500 in November 2024, up 3.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $116.2K | N/A |
| 2 Bedrooms | $200K | $152.5K | -23.8% |
| 3 Bedrooms | $202K | $217K | +7.4% |
| 4 Bedrooms | $215K | $348K | +61.9% |
| 5+ Bedrooms | $380K | $185K | -51.3% |
Summary: Lakeview 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 decreased by 23.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes decreased by 51.3%.
Median Sold Price Compared To Nearby Cities
| Lakeview | $205K | $211.5K | +3.2% |
| Cato Township | $205K | $200K | -2.4% |
Housing Supply in Lakeview, MI
How many homes are available in Lakeview, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Summary: The Lakeview real estate market had 9 homes for sale in November 2024, a 43.8% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lakeview 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 40%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeview, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lakeview in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Lakeview, MI
How long does it take to sell a home in Lakeview, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 95 Days | 16 Days | -82.8% |
Summary: Homes in Lakeview had an average of 16 days on market in Nov 2024, down by 82.8% compared to last year.
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 Lakeview are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Lakeview; 100% 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.
