Is Laketown 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, Laketown Township has remained a Seller's Market.
Housing Prices in Laketown Township, MI
How much do homes in Laketown Township, MI cost?
Median Sold Price
$445,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Laketown Township was $445,000 in April 2024, up 2.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $249.9K | +6.3% |
2 Bedrooms | $305K | $285K | -6.6% |
3 Bedrooms | $372K | $400K | +7.5% |
4 Bedrooms | $551K | $599.9K | +8.9% |
5+ Bedrooms | $783.7K | $597K | -23.8% |
Summary: Laketown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
Holland | $295.1K | $337.1K | +14.2% |
Park Township | $401.2K | $424.9K | +5.9% |
Laketown Township | $434.9K | $445K | +2.3% |
Housing Supply in Laketown Township, MI
How many homes are available in Laketown Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Summary: The Laketown Township real estate market had 20 homes for sale in April 2024, a 17.6% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Laketown 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 25%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Laketown Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Laketown Township, MI
How long does it take to sell a home in Laketown Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 3 Days | -91.3% |
Summary: Homes in Laketown Township had an average of 3 days on market in Apr 2024, down by 91.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Laketown 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.