$1,100,000
147.34 Acres
Land
Donald Wurtzel, Listing Office: Cornerstone Real Estate
Is Lodi 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, Lodi Township was a Seller's Market.
Key Takeaway
Lodi Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lodi Township, MI
How much do homes in Lodi Township, MI cost?
Median Sold Price
$550,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+8.9%)
Key Takeaway
Homes in Lodi Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Lodi Township was $550,000 in November 2024, up 8.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $430K | $436K | +1.4% |
| 3 Bedrooms | $372.5K | $525K | +40.9% |
| 4 Bedrooms | $600K | $555K | -7.5% |
| 5+ Bedrooms | $907.5K | $830K | -8.5% |
Summary: Lodi 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 increased by 1.4%, 3 bedroom homes increased by 40.9%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Lodi Township | $505K | $550K | +8.9% |
| Saline Township | $409.5K | $438.4K | +7.1% |
| Saline | $409.6K | $437.9K | +6.9% |
| Pittsfield Charter Township | $446.1K | $459.9K | +3.1% |
| Scio Township | $540.7K | $555K | +2.6% |
Housing Supply in Lodi Township, MI
How many homes are available in Lodi Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Lodi Township real estate market had 20 homes for sale in November 2024, a 9.1% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lodi 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 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lodi Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 63 Days | +118.3% |
Summary: Homes in Lodi Township had an average of 63 days on market in Nov 2024, up by 118.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lodi Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Lodi Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
