$2,671 Closing Credit*
$224,900
1,512 SqFt
3 Beds
•2 Full Baths
Amy Raupp, Listing Office: Four Seasons Rlty Dan Berry Group
Is London Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, London Township has remained a Seller's Market.
Key Takeaway
London Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in London Township, MI
How much do homes in London Township, MI cost?
Median Sold Price
$301,000
$194/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$136,000(+82.4%)
Key Takeaway
Homes in London Township have sold for 82.4% more than they did a month ago.
Summary: The median home sold price in London Township was $301,000 in November 2024, up 82.4% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | $270K | +63.6% |
| 4 Bedrooms | - | $356K | N/A |
| 5+ Bedrooms | $475K | - | N/A |
Summary: London Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 63.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| London Township | $165K | $301K | +82.4% |
| Exeter Township | $202.5K | $215K | +6.2% |
| Willis | $407.5K | $320K | -21.5% |
Housing Supply in London Township, MI
How many homes are available in London Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The London Township real estate market had 14 homes for sale in November 2024, a 7.7% increase 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 | 1 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The London 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in London 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 London Township in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +5.5% |
Summary: Homes in London Township had an average of 43 days on market in Nov 2024, up by 5.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in London Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in London Township; 20% of homes were sold within 30 days, 80% 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.