$2,553 Closing Credit*
$215,000
1,080 SqFt
3 Beds
•1 Full Bath
Deanna Walters, Listing Office: Eagle Realty
Is Lakeview, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lakeview was a Neutral 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
$203,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$11,000(+5.7%)
Key Takeaway
Homes in Lakeview have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Lakeview was $203,500 in September 2024, up 5.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $100K | -41.2% |
| 2 Bedrooms | $130K | $150K | +15.4% |
| 3 Bedrooms | $176K | $217K | +23.3% |
| 4 Bedrooms | $258.5K | $364.9K | +41.2% |
| 5+ Bedrooms | $375K | $285K | -24.0% |
Summary: Lakeview housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Cities
| Cato Township | $160K | $200K | +25.0% |
| Lakeview | $192.5K | $203.5K | +5.7% |
Housing Supply in Lakeview, MI
How many homes are available in Lakeview, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Lakeview real estate market had 13 homes for sale in September 2024, a 23.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lakeview housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeview, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Lakeview in September 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 19 Days | -31.9% |
Summary: Homes in Lakeview had an average of 19 days on market in Sep 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
4 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 Lakeview are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Lakeview; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
