Is Laketon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Laketon Township has remained a Seller's Market.
Housing Prices in Laketon Township, MI
How much do homes in Laketon Township, MI cost?
Median Sold Price
$300,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Laketon Township was $300,000 in May 2024, up 19.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $234.9K | $219K | -6.8% |
3 Bedrooms | $220K | $274.9K | +25.0% |
4 Bedrooms | $275K | $345K | +25.5% |
5+ Bedrooms | $515K | $373K | -27.6% |
Summary: Laketon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
Laketon Township | $250.5K | $300K | +19.8% |
North Muskegon | $247K | $286K | +15.8% |
Muskegon Charter Township | $169.9K | $184.9K | +8.8% |
Muskegon | $169.3K | $183.6K | +8.4% |
Fruitland Township | $290K | $277.4K | -4.3% |
Housing Supply in Laketon Township, MI
How many homes are available in Laketon Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Summary: The Laketon Township real estate market had 24 homes for sale in May 2024, a 26.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Laketon Township housing inventory by bedroom type for May 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 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Laketon Township in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Laketon Township, MI
How long does it take to sell a home in Laketon Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 9 Days | +31.0% |
Summary: Homes in Laketon Township had an average of 9 days on market in May 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Laketon Township; 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.