Is Lawton, 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, Lawton has remained a Seller's Market.
Housing Prices in Lawton, MI
How much do homes in Lawton, MI cost?
Median Sold Price
$299,990
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lawton was $299,990 in April 2024, up 21.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.2K | $83K | +61.9% |
2 Bedrooms | $170K | $350K | +105.9% |
3 Bedrooms | $271K | $267K | -1.5% |
4 Bedrooms | $240.5K | $304.9K | +26.8% |
5+ Bedrooms | $505K | $379.5K | -24.9% |
Summary: Lawton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.9%, 2 bedroom homes increased by 105.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 24.9%.
Median Sold Price Compared To Nearby Cities
Lawton | $247.5K | $299.9K | +21.2% |
Antwerp Township | $290K | $295K | +1.7% |
Housing Supply in Lawton, MI
How many homes are available in Lawton, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Summary: The Lawton real estate market had 19 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lawton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lawton in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Lawton, MI
How long does it take to sell a home in Lawton, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 17 Days | -77.7% |
Summary: Homes in Lawton had an average of 17 days on market in Apr 2024, down by 77.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Lawton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.