$29,000
1.00 Acres
Land
Gayleen Eberhart, Listing Office: CENTURY 21 SIGNATURE - Lake Isabella
Is Lee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lee Township has remained a Seller's Market.
Key Takeaway
Lee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lee Township, MI
How much do homes in Lee Township, MI cost?
Median Sold Price
$153,950
$92/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$36,750(-19.3%)
Key Takeaway
Homes in Lee Township have sold for 19.3% less than they did a month ago.
Summary: The median home sold price in Lee Township was $153,950 in December 2024, down 19.3% from last month, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $190.7K | $58K | -69.6% |
| 4 Bedrooms | - | $249.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lee Township housing prices by bedroom type for December 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 69.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mount Haley Township | $165.6K | $250K | +51.0% |
| Lee Township | $190.7K | $153.9K | -19.3% |
Housing Supply in Lee Township, MI
How many homes are available in Lee Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Lee Township real estate market had 8 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lee Township housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lee Township in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lee Township, MI
How long does it take to sell a home in Lee Township, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 62 Days | 40 Days | -35.2% |
Summary: Homes in Lee Township had an average of 40 days on market in Dec 2024, down by 35.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lee Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Lee Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.