$49,900
0.99 Acres
Land
Matthew Smith, Listing Office: RE/MAX Real Estate Pros Dewitt
Is Lyons Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lyons Township was a Seller's Market.
Key Takeaway
Lyons Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lyons Township, MI
How much do homes in Lyons Township, MI cost?
Median Sold Price
$206,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+17.7%)
Key Takeaway
Homes in Lyons Township have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Lyons Township was $206,000 in October 2024, up 17.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $95.5K | $150K | +57.1% |
| 3 Bedrooms | $141K | $207.2K | +46.9% |
| 4 Bedrooms | $210K | $217.5K | +3.6% |
| 5+ Bedrooms | $215K | $462.5K | +115.1% |
Summary: Lyons Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 46.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 115.1%.
Housing Supply in Lyons Township, MI
How many homes are available in Lyons Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Lyons Township real estate market had 14 homes for sale in October 2024, a 7.7% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lyons 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 remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lyons Township, 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 Township in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lyons Township, MI
How long does it take to sell a home in Lyons Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +14.4% |
Summary: Homes in Lyons Township had an average of 30 days on market in Oct 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyons Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Lyons Township; 50% of homes were sold within 30 days, 50% 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.