Is Lee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lee Township has remained a Seller's Market.
Housing Prices in Lee Township, MI
How much do homes in Lee Township, MI cost?
Median Sold Price
$179,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee Township was $179,000 in April 2024, up 6.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $410K | N/A |
2 Bedrooms | $140.5K | $153.5K | +9.3% |
3 Bedrooms | $169.2K | $160K | -5.5% |
4 Bedrooms | $222K | $278.5K | +25.5% |
5+ Bedrooms | $336K | $370K | +10.1% |
Summary: Lee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Grand Junction | $166.2K | $228K | +37.1% |
Clyde Township | $250K | $274.9K | +10.0% |
Cheshire Township | $193.2K | $207.5K | +7.4% |
Lee Township | $167.5K | $179K | +6.9% |
Pullman | $180K | $179K | -0.6% |
Housing Supply in Lee Township, MI
How many homes are available in Lee Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Summary: The Lee Township real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lee Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lee Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lee Township, MI
How long does it take to sell a home in Lee Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 114 Days | +269.4% |
Summary: Homes in Lee Township had an average of 114 days on market in Apr 2024, up by 269.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Lee Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.