$24,000
0.45 Acres
Land
Brock House, Listing Office: KW Metro
Is Lennon, 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, 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
$198,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,000(+41.4%)
Key Takeaway
Homes in Lennon have sold for 41.4% more than they did a year ago.
Summary: The median home sold price in Lennon was $198,000 in October 2024, up 41.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $77K | - | N/A |
| 3 Bedrooms | $179K | $200K | +11.7% |
| 4 Bedrooms | $102K | $185K | +81.4% |
| 5+ Bedrooms | $157.5K | - | N/A |
Summary: Lennon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 81.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Venice Township | $124K | $178K | +43.5% |
| Lennon | $140K | $198K | +41.4% |
| Clayton Charter Township | $234.5K | $238.5K | +1.7% |
Housing Supply in Lennon, MI
How many homes are available in Lennon, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Lennon real estate market had 8 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lennon 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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 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 Lennon in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 49 Days | +88.5% |
Summary: Homes in Lennon had an average of 49 days on market in Oct 2024, up by 88.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lennon has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Lennon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
