Is Lovells Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lovells Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Lovells Township was a Seller's Market.

Key Takeaway

Lovells Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lovells Township, MI

How much do homes in Lovells Township, MI cost?

Median Sold Price

$269,000

$224/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$37,500(+16.2%)

Key Takeaway

Homes in Lovells Township have sold for 16.2% more than they did a month ago.

Summary: The median home sold price in Lovells Township was $269,000 in November 2024, up 16.2% from last month, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $102K-
N/A
3 $145K$269K
+85.5%
4 $318K-
N/A
5+ --
N/A

Summary: Lovells 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 85.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lovells Township, MI

How many homes are available in Lovells Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Lovells Township real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 56
+20.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Lovells 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 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Lovells Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Lovells Township in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Lovells Township, MI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Lovells Township, MI

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