$2,375 Closing Credit*
$200,000
1,772 SqFt
3 Beds
•2 Full Baths
Joe Cracchiolo, Listing Office: Keller Williams Paint Creek
Is Lexington Township, 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 Township was a Seller's Market.
Key Takeaway
Lexington Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lexington Township, MI
How much do homes in Lexington Township, MI cost?
Median Sold Price
$264,950
$203/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$52,675(+24.8%)
Key Takeaway
Homes in Lexington Township have sold for 24.8% more than they did a month ago.
Summary: The median home sold price in Lexington Township was $264,950 in November 2024, up 24.8% from last month, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $243K | -14.7% |
| 3 Bedrooms | $130K | $264.9K | +103.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $240K | $1.2M | +437.5% |
Summary: Lexington Township 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 14.7%, 3 bedroom homes increased by 103.8%, 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 Township, MI
How many homes are available in Lexington Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Summary: The Lexington Township real estate market had 49 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Lexington 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 increased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 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 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lexington Township in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Lexington Township, MI
How long does it take to sell a home in Lexington Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 67 Days | -17.5% |
Summary: Homes in Lexington Township had an average of 67 days on market in Nov 2024, down by 17.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lexington Township has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Lexington Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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.