$3,266 Closing Credit*
$275,000
1,230 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jan Dijkers, Listing Office: Berkshire Hathaway HomeServices The Loft Warehouse
Is Lower East, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Lower East was a Seller's Market.
Key Takeaway
Lower East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower East, MI
How much do homes in Lower East, MI cost?
Median Sold Price
$110,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$5,000(-4.3%)
Key Takeaway
Homes in Lower East have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Lower East was $110,000 in December 2024, down 4.3% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $81.5K | +69.8% |
| 2 Bedrooms | $67.5K | $107.4K | +59.1% |
| 3 Bedrooms | $110.3K | $103K | -6.7% |
| 4 Bedrooms | $140K | $134.9K | -3.6% |
| 5+ Bedrooms | $164.5K | $210K | +27.7% |
Summary: Lower East housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.8%, 2 bedroom homes increased by 59.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Neighborhoods
| East Riverside | $148K | $186.2K | +25.8% |
| Foch | $57.2K | $70K | +22.3% |
| Lower East | $115K | $110K | -4.3% |
Housing Supply in Lower East, MI
How many homes are available in Lower East, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 409 | 403 | -1.5% |
Summary: The Lower East real estate market had 403 homes for sale in December 2024, a 1.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 22 | -4.3% |
| 2 Bedrooms | 55 | 55 | 0.0% |
| 3 Bedrooms | 231 | 219 | -5.2% |
| 4 Bedrooms | 68 | 74 | +8.8% |
| 5+ Bedrooms | 32 | 33 | +3.1% |
Summary: The Lower East housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 59 | 43 | -27.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower East, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Lower East in December 2024, down by 27.1% month-over-month. Of the 43 sold homes, 53% were sold under asking, 19% were sold at asking, and 28% were sold over asking.
Days on Market for Lower East, MI
How long does it take to sell a home in Lower East, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 71 Days | 47 Days | -32.9% |
Summary: Homes in Lower East had an average of 47 days on market in Dec 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower East are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 43 homes were sold in Lower East; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% 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. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.