$1,721 Closing Credit*
$144,900
1,230 SqFt
2 Beds
•2 Full Baths
Traci Starn Elevate Team, Listing Office: Michigan Top Producers
Is Lansing Charter 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, Lansing Charter Township has remained a Seller's Market.
Key Takeaway
Lansing Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lansing Charter Township, MI
How much do homes in Lansing Charter Township, MI cost?
Median Sold Price
$150,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,160(+6.5%)
Key Takeaway
Homes in Lansing Charter Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Lansing Charter Township was $150,000 in October 2024, up 6.5% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.5K | $82.9K | +41.8% |
| 2 Bedrooms | $103.3K | $110K | +6.4% |
| 3 Bedrooms | $150.1K | $160.3K | +6.8% |
| 4 Bedrooms | $196.5K | $206.9K | +5.3% |
| 5+ Bedrooms | $310.5K | $257.7K | -17.0% |
Summary: Lansing Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Cities
| Meridian Charter Township | $288.4K | $325K | +12.7% |
| East Lansing | $275K | $301K | +9.5% |
| Lansing Charter Township | $140.8K | $150K | +6.5% |
| Lansing | $143.1K | $150.5K | +5.2% |
| DeWitt Charter Township | $342.5K | $331K | -3.4% |
Housing Supply in Lansing Charter Township, MI
How many homes are available in Lansing Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 579 | 612 | +5.7% |
Summary: The Lansing Charter Township real estate market had 612 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 12 | +100.0% |
| 2 Bedrooms | 156 | 166 | +6.4% |
| 3 Bedrooms | 286 | 301 | +5.2% |
| 4 Bedrooms | 116 | 112 | -3.4% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Lansing Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 162 | 136 | -16.0% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lansing Charter Township, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 136 homes were sold or pending in Lansing Charter Township in October 2024, down by 16.0% month-over-month. Of the 136 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% were sold over asking.
Days on Market for Lansing Charter Township, MI
How long does it take to sell a home in Lansing Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +59.2% |
Summary: Homes in Lansing Charter Township had an average of 25 days on market in Oct 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lansing Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 136 homes were sold in Lansing Charter Township; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.