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 December 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

$214,263

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,483(+1.7%)

Key Takeaway

Homes in Lenawee County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Lenawee County was $214,263 in December 2024, up 1.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $57.5K$70.7K
+23.0%
2 $160K$162K
+1.3%
3 $210.4K$210K
-0.2%
4 $260K$256.2K
-1.4%
5+ $225K$350K
+55.6%

Summary: Lenawee County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 55.6%.

Median Sold Price Compared To Nearby Counties

Jackson County
+7.4%
Washtenaw County
+4.4%
Monroe County
+3.0%
Lenawee County
+1.7%

Housing Supply in Lenawee County, MI

How many homes are available in Lenawee County, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
347315-9.2%

Summary: The Lenawee County real estate market had 315 homes for sale in December 2024, a 9.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 43
-25.0%
2 4842
-12.5%
3 178161
-9.6%
4 9283
-9.8%
5+ 2526
+4.0%

Summary: The Lenawee County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
8269-15.9%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

14 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. 48.5% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Lenawee County in December 2024, down by 15.9% month-over-month. Of the 68 sold homes, 49% were sold under asking, 31% were sold at asking, and 21% 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

Dec 2023Dec 2024CHANGE
52 Days48 Days-6.8%

Summary: Homes in Lenawee County had an average of 48 days on market in Dec 2024, down by 6.8% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

10 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 December 2024, 69 homes were sold in Lenawee County; 39% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

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