$10,000 Closing Credit*
$1,285,000
4,068 SqFt
5 Beds
•4 Full Baths
Snow Liao, Listing Office: The Charles Reinhart Company
Is Lodi 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, Lodi Township has remained a Seller's Market.
Key Takeaway
Lodi Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lodi Township, MI
How much do homes in Lodi Township, MI cost?
Median Sold Price
$575,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+11.7%)
Key Takeaway
Homes in Lodi Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Lodi Township was $575,000 in October 2024, up 11.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $436K | 0.2% |
| 3 Bedrooms | $380K | $481K | +26.6% |
| 4 Bedrooms | $600K | $581K | -3.2% |
| 5+ Bedrooms | $900K | $870K | -3.3% |
Summary: Lodi Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 26.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Lodi Township | $515K | $575K | +11.7% |
| Pittsfield Charter Township | $440K | $462.5K | +5.1% |
| Saline | $419.9K | $437K | +4.1% |
| Saline Township | $419.9K | $437K | +4.1% |
| Scio Township | $549.6K | $533.8K | -2.9% |
Housing Supply in Lodi Township, MI
How many homes are available in Lodi Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Lodi Township real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lodi Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lodi Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lodi Township in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Lodi Township, MI
How long does it take to sell a home in Lodi Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 144 Days | 58 Days | -59.5% |
Summary: Homes in Lodi Township had an average of 58 days on market in Oct 2024, down by 59.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Lodi Township has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Lodi Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
