Is Lapeer County, 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, Lapeer County has remained a Seller's Market.
Housing Prices in Lapeer County, MI
How much do homes in Lapeer County, MI cost?
Median Sold Price
$269,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lapeer County was $269,900 in April 2024, up 5.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118K | $97K | -17.8% |
2 Bedrooms | $170K | $213.2K | +25.4% |
3 Bedrooms | $250K | $251K | 0.4% |
4 Bedrooms | $324.9K | $329.9K | +1.5% |
5+ Bedrooms | $467.5K | $365K | -21.9% |
Summary: Lapeer County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Counties
Saint Clair County | $199.5K | $220K | +10.3% |
Lapeer County | $254.8K | $269.9K | +5.9% |
Macomb County | $226.5K | $239.9K | +5.9% |
Sanilac County | $170.5K | $180K | +5.6% |
Tuscola County | $165K | $165.1K | 0.1% |
Housing Supply in Lapeer County, MI
How many homes are available in Lapeer County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
212 | 245 | +15.6% |
Summary: The Lapeer County real estate market had 245 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 139 | 144 | +3.6% |
4 Bedrooms | 38 | 57 | +50.0% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Lapeer County 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 18.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 62 | +12.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Lapeer County in April 2024, up by 12.7% month-over-month. Of the 62 sold homes, 45% were sold under asking, 13% were sold at asking, and 42% were sold over asking.
Days on Market for Lapeer County, MI
How long does it take to sell a home in Lapeer County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 61 Days | -20.0% |
Summary: Homes in Lapeer County had an average of 61 days on market in Apr 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Lapeer County; 66% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.