$2,374 Closing Credit*
$199,900
1,870 SqFt
3 Beds
•1 Full Bath
Adam Carter, Listing Office: Five Star Real Estate
Is Lockport Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lockport Township has remained a Seller's Market.
Key Takeaway
Lockport Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lockport Township, MI
How much do homes in Lockport Township, MI cost?
Median Sold Price
$268,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+9.4%)
Key Takeaway
Homes in Lockport Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Lockport Township was $268,000 in November 2024, up 9.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $185K | $160K | -13.5% |
| 3 Bedrooms | $250K | $260K | +4.0% |
| 4 Bedrooms | $274.9K | $272.4K | -0.9% |
| 5+ Bedrooms | $287K | $395K | +37.7% |
Summary: Lockport Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 37.7%.
Median Sold Price Compared To Nearby Cities
| Three Rivers | $206K | $246.6K | +19.7% |
| Lockport Township | $245K | $268K | +9.4% |
| Nottawa Township | $235.7K | $215K | -8.8% |
Housing Supply in Lockport Township, MI
How many homes are available in Lockport Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Lockport Township real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Lockport 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lockport 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 6 homes were sold or pending in Lockport Township in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Lockport Township, MI
How long does it take to sell a home in Lockport Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 34 Days | +202.9% |
Summary: Homes in Lockport Township had an average of 34 days on market in Nov 2024, up by 202.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lockport Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Lockport Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
