Is Lewiston, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lewiston was a Seller's Market.
Housing Prices in Lewiston, MI
How much do homes in Lewiston, MI cost?
Median Sold Price
$167,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lewiston was $167,500 in May 2024, up 6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $97K | +17.6% |
2 Bedrooms | $145K | $127.7K | -11.9% |
3 Bedrooms | $188K | $215K | +14.4% |
4 Bedrooms | $350K | $282.5K | -19.3% |
5+ Bedrooms | - | $454.5K | N/A |
Summary: Lewiston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Albert Township | $182K | $217.5K | +19.5% |
Lewiston | $158K | $167.5K | +6.0% |
Greenwood Township | $166.5K | $159K | -4.5% |
Housing Supply in Lewiston, MI
How many homes are available in Lewiston, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 47 | +56.7% |
Summary: The Lewiston real estate market had 47 homes for sale in May 2024, a 56.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 15 | +87.5% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 2 | 7 | +250.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lewiston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 250%, 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
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lewiston in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lewiston, MI
We’re sorry, we don't have information for this market at the moment