$2,018 Closing Credit*
$169,900
1,717 SqFt
3 Beds
•1 Full Bath, 1 Partial
Brian E Will, Listing Office: REMAX Platinum Fenton
Is Lennon, 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, Lennon has remained a Seller's Market.
Key Takeaway
Lennon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lennon, MI
How much do homes in Lennon, MI cost?
Median Sold Price
$250,000
$94/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$80,000(+47.1%)
Key Takeaway
Homes in Lennon have sold for 47.1% more than they did a month ago.
Summary: The median home sold price in Lennon was $250,000 in November 2024, up 47.1% from last month, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $156K | $250K | +60.3% |
| 4 Bedrooms | $170K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lennon housing prices by bedroom type for November 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 increased by 60.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Venice Township | $170K | $255K | +50.0% |
| Lennon | $170K | $250K | +47.1% |
Housing Supply in Lennon, MI
How many homes are available in Lennon, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Summary: The Lennon real estate market had 5 homes for sale in November 2024, a 44.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lennon housing inventory by bedroom type for November 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 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lennon, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lennon in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lennon, MI
How long does it take to sell a home in Lennon, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 9 Days | -88.0% |
Summary: Homes in Lennon had an average of 9 days on market in Nov 2024, down by 88% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lennon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Lennon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
