$1,366 Closing Credit*
$115,000
1,323 SqFt
3 Beds
•2 Full Baths
Carle Watts, Listing Office: Lifestyles Real Estate and Staging LLC
Is Lawton, 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, Lawton has remained a Seller's Market.
Key Takeaway
Lawton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lawton, MI
How much do homes in Lawton, MI cost?
Median Sold Price
$295,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.3%)
Key Takeaway
Homes in Lawton have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Lawton was $295,000 in October 2024, up 7.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51.2K | $83K | +61.9% |
| 2 Bedrooms | $252K | $170K | -32.5% |
| 3 Bedrooms | $250K | $266.9K | +6.8% |
| 4 Bedrooms | $375.5K | $304.9K | -18.8% |
| 5+ Bedrooms | $444.6K | $384.9K | -13.4% |
Summary: Lawton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.9%, 2 bedroom homes decreased by 32.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Lawton | $275K | $295K | +7.3% |
| Antwerp Township | $285K | $297K | +4.2% |
Housing Supply in Lawton, MI
How many homes are available in Lawton, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Summary: The Lawton real estate market had 27 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 9 | 16 | +77.8% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lawton 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 decreased by 50%, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lawton, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lawton in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Lawton, MI
How long does it take to sell a home in Lawton, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 34 Days | +42.7% |
Summary: Homes in Lawton had an average of 34 days on market in Oct 2024, up by 42.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lawton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Lawton; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
