$3,907 Closing Credit*
$329,000
1,176 SqFt
2 Beds
•1 Full Bath
Chris Jane, Listing Office: Keller Williams Northern Michigan Hometown
Is Lilley 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, Lilley Township was a Buyer's Market.
Key Takeaway
Lilley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lilley Township, MI
How much do homes in Lilley Township, MI cost?
Median Sold Price
$153,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+3.7%)
Key Takeaway
Homes in Lilley Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Lilley Township was $153,000 in November 2024, up 3.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.9K | $135K | +125.4% |
| 2 Bedrooms | $130K | $153K | +17.7% |
| 3 Bedrooms | $156K | $127K | -18.6% |
| 4 Bedrooms | $388K | $275K | -29.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lilley Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.4%, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 29.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bitely | $132K | $161.5K | +22.3% |
| Lilley Township | $147.5K | $153K | +3.7% |
Housing Supply in Lilley Township, MI
How many homes are available in Lilley Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Lilley Township real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lilley Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lilley Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Lilley Township in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Lilley Township, MI
How long does it take to sell a home in Lilley Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 56 Days | +81.7% |
Summary: Homes in Lilley Township had an average of 56 days on market in Nov 2024, up by 81.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lilley Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Lilley Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
