$569 Closing Credit*
$47,900
1 Bed
Baylee Randall, Listing Office: North West Realty, LLC
Is Lilley Township, 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, Lilley Township has remained a Seller'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
$144,900
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,600(-1.8%)
Key Takeaway
Homes in Lilley Township have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Lilley Township was $144,900 in October 2024, down 1.8% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.9K | $125K | +108.7% |
| 2 Bedrooms | $131K | $127.4K | -2.7% |
| 3 Bedrooms | $153K | $127K | -17.0% |
| 4 Bedrooms | $388K | $275K | -29.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lilley Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 29.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bitely | $132.9K | $148.4K | +11.7% |
| Lilley Township | $147.5K | $144.9K | -1.8% |
Housing Supply in Lilley Township, MI
How many homes are available in Lilley Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Lilley Township real estate market had 11 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lilley Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lilley Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lilley Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +37.5% |
Summary: Homes in Lilley Township had an average of 29 days on market in Oct 2024, up by 37.5% 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 Lilley Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lilley Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
