$3,266 Closing Credit*
$275,000
1,628 SqFt
4 Beds
•1 Full Bath
#50161429, Keith Pionk, Listing Office: KMP Realty LLC
Is Lenox Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lenox Township was a Seller's Market.
Key Takeaway
Lenox Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lenox Township, MI
How much do homes in Lenox Township, MI cost?
Median Sold Price
$306,275
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,725(-1.2%)
Key Takeaway
Homes in Lenox Township have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Lenox Township was $306,275 in October 2024, down 1.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $105K | -50.0% |
| 3 Bedrooms | $299.3K | $289K | -3.5% |
| 4 Bedrooms | $352.6K | $324.9K | -7.9% |
| 5+ Bedrooms | $350K | $356.2K | +1.8% |
Summary: Lenox Township 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 decreased by 50%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in Lenox Township, MI
How many homes are available in Lenox Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Lenox Township real estate market had 32 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lenox Township 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 decreased by 15.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenox Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lenox Township in October 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Lenox Township, MI
How long does it take to sell a home in Lenox Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 55 Days | +6.3% |
Summary: Homes in Lenox Township had an average of 55 days on market in Oct 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lenox Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Lenox Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.