$3,206 Closing Credit*
$270,000
1,425 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50163437, Eric Raymo, Listing Office: EXP 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 November 2023
At the same time last year, Lenox Township was a Seller's Market.
Key Takeaway
Lenox Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lenox Township, MI
How much do homes in Lenox Township, MI cost?
Median Sold Price
$308,087
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$587(+0.2%)
Key Takeaway
The sold price of homes in Lenox Township has remained the same since last year.
Summary: The median home sold price in Lenox Township was $308,087 in November 2024, up 0.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.2K | $105K | -23.5% |
| 3 Bedrooms | $290K | $297K | +2.4% |
| 4 Bedrooms | $345.2K | $333.5K | -3.4% |
| 5+ Bedrooms | $320K | $356.2K | +11.3% |
Summary: Lenox Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in Lenox Township, MI
How many homes are available in Lenox Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Lenox Township real estate market had 32 homes for sale in November 2024, a 6.7% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lenox Township 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 increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenox Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lenox Township in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 128 Days | +52.1% |
Summary: Homes in Lenox Township had an average of 128 days on market in Nov 2024, up by 52.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 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 November 2024, 4 homes were sold in Lenox Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.