$5,344 Closing Credit*
$450,000
1,713 SqFt
3 Beds
•2 Full Baths
Kimberly Yezbick, Listing Office: Real Estate One-Northville
Is Lyon Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lyon Charter Township has remained a Seller's Market.
Key Takeaway
Lyon Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyon Charter Township, MI
How much do homes in Lyon Charter Township, MI cost?
Median Sold Price
$589,900
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,900(+9.2%)
Key Takeaway
Homes in Lyon Charter Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Lyon Charter Township was $589,900 in October 2024, up 9.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $63.4K | +32.2% |
| 2 Bedrooms | $375K | $450.7K | +20.2% |
| 3 Bedrooms | $495.3K | $465K | -6.1% |
| 4 Bedrooms | $568.6K | $615K | +8.2% |
| 5+ Bedrooms | $626.6K | $740K | +18.1% |
Summary: Lyon Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.2%, 2 bedroom homes increased by 20.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Lyon Charter Township | $540K | $589.9K | +9.2% |
| New Hudson | $474.2K | $488K | +2.9% |
| Salem Township | $663K | $680K | +2.6% |
| South Lyon | $452.6K | $460K | +1.6% |
| Wixom | $350K | $350K | 0.0% |
Housing Supply in Lyon Charter Township, MI
How many homes are available in Lyon Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 105 | +31.3% |
Summary: The Lyon Charter Township real estate market had 105 homes for sale in October 2024, a 31.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 48 | 65 | +35.4% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lyon Charter 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 23.8%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 24 | +140.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyon Charter Township, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Lyon Charter Township in October 2024, up by 140.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Lyon Charter Township, MI
How long does it take to sell a home in Lyon Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +23.8% |
Summary: Homes in Lyon Charter Township had an average of 24 days on market in Oct 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyon Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Lyon Charter Township; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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.