$2,136 Closing Credit*
$179,900
1,008 SqFt
2 Beds
•1 Full Bath
David Beek, Listing Office: Berkshire Hathaway HomeServices Real Estate - BC
Is Lewiston, 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, Lewiston has remained a Seller's Market.
Key Takeaway
Lewiston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewiston, MI
How much do homes in Lewiston, MI cost?
Median Sold Price
$176,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+6.3%)
Key Takeaway
Homes in Lewiston have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Lewiston was $176,000 in October 2024, up 6.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94K | $142.5K | +51.6% |
| 2 Bedrooms | $134.9K | $129.9K | -3.7% |
| 3 Bedrooms | $199.4K | $207.5K | +4.0% |
| 4 Bedrooms | $317.5K | $318K | 0.2% |
| 5+ Bedrooms | $454.5K | $660K | +45.2% |
Summary: Lewiston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.6%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 45.2%.
Median Sold Price Compared To Nearby Cities
| Lewiston | $165.5K | $176K | +6.3% |
| Albert Township | $209K | $210K | 0.5% |
| Greenwood Township | $165K | $162.8K | -1.3% |
Housing Supply in Lewiston, MI
How many homes are available in Lewiston, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 74 | +2.8% |
Summary: The Lewiston real estate market had 74 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lewiston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 19 | +171.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewiston, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Lewiston in October 2024, up by 171.4% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Lewiston, MI
How long does it take to sell a home in Lewiston, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +31.7% |
Summary: Homes in Lewiston had an average of 27 days on market in Oct 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lewiston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Lewiston; 11% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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