$51,000
1.10 Acres
Land
Danielle Dayrell, Listing Office: RE/MAX Real Estate Professionals
Is Lyons, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lyons has remained a Seller's Market.
Key Takeaway
Lyons is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyons, MI
How much do homes in Lyons, MI cost?
Median Sold Price
$174,400
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,600(-3.1%)
Key Takeaway
Homes in Lyons have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Lyons was $174,400 in November 2024, down 3.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $85K | $150K | +76.5% |
| 3 Bedrooms | $188.1K | $179.9K | -4.4% |
| 4 Bedrooms | $180K | $168.5K | -6.4% |
| 5+ Bedrooms | $215K | $700K | +225.6% |
Summary: Lyons housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 225.6%.
Median Sold Price Compared To Nearby Cities
| Lyons Township | $180.7K | $200K | +10.7% |
| Ionia Township | $189.9K | $202.5K | +6.6% |
| Lyons | $180K | $174.4K | -3.1% |
Housing Supply in Lyons, MI
How many homes are available in Lyons, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Lyons real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lyons 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 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyons, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lyons in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lyons, MI
How long does it take to sell a home in Lyons, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 10 Days | -28.6% |
Summary: Homes in Lyons had an average of 10 days on market in Nov 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyons are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lyons; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.