Is Lakewood Club, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakewood Club is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lakewood Club has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lakewood Club, MI

How much do homes in Lakewood Club, MI cost?

Median Sold Price

$234,900

$139/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$5,550(-2.3%)

Key Takeaway

Homes in Lakewood Club have sold for 2.3% less than they did a month ago.

Summary: The median home sold price in Lakewood Club was $234,900 in November 2024, down 2.3% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $240.4K$219.9K
-8.5%
4 --
N/A
5+ -$425K
N/A

Summary: Lakewood Club 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 decreased by 8.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lakewood Club, MI

How many homes are available in Lakewood Club, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138-38.5%

Summary: The Lakewood Club real estate market had 8 homes for sale in November 2024, a 38.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 116
-45.5%
4 00
0.0%
5+ 11
0.0%

Summary: The Lakewood Club 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 decreased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakewood Club, 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 Lakewood Club in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lakewood Club, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days8 Days-76.0%

Summary: Homes in Lakewood Club had an average of 8 days on market in Nov 2024, down by 76% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Lakewood Club; 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.

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

Report Updated 10 Days Ago

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