Is Lenawee County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lenawee County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Lenawee County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lenawee County, MI

How much do homes in Lenawee County, MI cost?

Median Sold Price

$211,625

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$869(+0.4%)

Key Takeaway

The sold price of homes in Lenawee County has remained the same since last year.

Summary: The median home sold price in Lenawee County was $211,625 in November 2024, up 0.4% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $57.5K$81.5K
+41.7%
2 $162.7K$166K
+2.0%
3 $210K$210K
0.0%
4 $259.7K$252K
-3.0%
5+ $230K$324.9K
+41.3%

Summary: Lenawee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 41.3%.

Median Sold Price Compared To Nearby Counties

Jackson County
+9.3%
Washtenaw County
+5.3%
Monroe County
+2.2%
Lenawee County
0.4%

Housing Supply in Lenawee County, MI

How many homes are available in Lenawee County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
407366-10.1%

Summary: The Lenawee County real estate market had 366 homes for sale in November 2024, a 10.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 6448
-25.0%
3 203189
-6.9%
4 106100
-5.7%
5+ 2925
-13.8%

Summary: The Lenawee County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 13.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11276-32.1%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lenawee County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Lenawee County in November 2024, down by 32.1% month-over-month. Of the 76 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.

Days on Market for Lenawee County, MI

How long does it take to sell a home in Lenawee County, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days64 Days+51.6%

Summary: Homes in Lenawee County had an average of 64 days on market in Nov 2024, up by 51.6% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lenawee County has remained consistent over time.

Summary: During November 2024, 76 homes were sold in Lenawee County; 32% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

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