$3,900,000
1,237 SqFt
3 Beds
•1 Full Bath
Veronica Abdelnour, Listing Office: Solutions Realty Group LLC
Is Lapeer Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lapeer Township was a Seller's Market.
Key Takeaway
Lapeer Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lapeer Township, MI
How much do homes in Lapeer Township, MI cost?
Median Sold Price
$265,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+10.4%)
Key Takeaway
Homes in Lapeer Township have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Lapeer Township was $265,000 in October 2024, up 10.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $125K | -17.2% |
| 2 Bedrooms | $185K | $174.9K | -5.4% |
| 3 Bedrooms | $230.5K | $242.2K | +5.1% |
| 4 Bedrooms | $289.5K | $339.9K | +17.4% |
| 5+ Bedrooms | $384.5K | $350.5K | -8.8% |
Summary: Lapeer Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.2%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Lapeer Township | $240K | $265K | +10.4% |
| Lapeer | $240K | $265K | +10.4% |
| Metamora Township | $380.7K | $403.2K | +5.9% |
| Mayfield Township | $274.5K | $270K | -1.6% |
Housing Supply in Lapeer Township, MI
How many homes are available in Lapeer Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 114 | 0.0% |
Summary: The Lapeer Township real estate market had 114 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 63 | 61 | -3.2% |
| 4 Bedrooms | 28 | 25 | -10.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lapeer 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 increased by 29.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lapeer Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lapeer Township in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Lapeer Township, MI
How long does it take to sell a home in Lapeer Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 44 Days | +90.3% |
Summary: Homes in Lapeer Township had an average of 44 days on market in Oct 2024, up by 90.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lapeer Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Lapeer Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating 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.