$600,000
64.38 Acres
Land
Ronald S Vesche, Listing Office: Coldwell Banker Realty-Plymouth
Is London Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, London Township was a Seller's Market.
Key Takeaway
London 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 London Township, MI
How much do homes in London Township, MI cost?
Median Sold Price
$257,450
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,950(+8.4%)
Key Takeaway
Homes in London Township have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in London Township was $257,450 in October 2024, up 8.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $207K | +25.5% |
| 2 Bedrooms | $155K | $97K | -37.4% |
| 3 Bedrooms | $262.5K | $257.4K | -1.9% |
| 4 Bedrooms | $238K | $400K | +68.1% |
| 5+ Bedrooms | $395K | $377.5K | -4.4% |
Summary: London Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes decreased by 37.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 68.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| London Township | $237.5K | $257.4K | +8.4% |
| Willis | $305K | $315K | +3.3% |
| Augusta Charter Township | $338.5K | $332.5K | -1.8% |
| Dundee Township | $290K | $270K | -6.9% |
Housing Supply in London Township, MI
How many homes are available in London Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The London Township real estate market had 13 homes for sale in October 2024, a 62.5% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The London 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 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 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 London Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in London Township in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for London Township, MI
How long does it take to sell a home in London Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 38 Days | -3.6% |
Summary: Homes in London Township had an average of 38 days on market in Oct 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in London Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in London Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.