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.
Key Takeaway
Lewiston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Lewiston have sold for 6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Lewiston, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
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
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved