$3,680 Closing Credit*
$309,900
1,232 SqFt
3 Beds
•2 Full Baths
#50163661, Marc Reno, Listing Office: Real Estate One Port Huron
Is Lexington, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lexington was a Seller's Market.
Key Takeaway
Lexington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lexington, MI
How much do homes in Lexington, MI cost?
Median Sold Price
$260,000
$207/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$22,300(+9.4%)
Key Takeaway
Homes in Lexington have sold for 9.4% more than they did a month ago.
Summary: The median home sold price in Lexington was $260,000 in November 2024, up 9.4% from last month, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | $243K | -38.5% |
| 3 Bedrooms | $159.5K | $260K | +62.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $240K | $1.2M | +437.5% |
Summary: Lexington 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 decreased by 38.5%, 3 bedroom homes increased by 62.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 437.5%.
Median Sold Price Compared To Nearby Cities
| Lexington Township | $212.2K | $264.9K | +24.8% |
| Lexington | $237.7K | $260K | +9.4% |
Housing Supply in Lexington, MI
How many homes are available in Lexington, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Summary: The Lexington real estate market had 51 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Lexington 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 increased by 18.8%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington, 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 Lexington in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Lexington, MI
How long does it take to sell a home in Lexington, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 66 Days | -0.9% |
Summary: Homes in Lexington had an average of 66 days on market in Nov 2024, down by 0.9% compared to last month.
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 Lexington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Lexington; 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.