Is Lyons, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lyons has remained a Seller's Market.
Key Takeaway
Lyons is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lyons, MI
How much do homes in Lyons, MI cost?
Median Sold Price
$182,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lyons have sold for 27.2% more than they did a year ago.
Summary: The median home sold price in Lyons was $182,500 in May 2024, up 27.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $107K | $150K | +40.2% |
| 3 Bedrooms | $77.5K | $181.9K | +134.8% |
| 4 Bedrooms | $180K | $454K | +152.2% |
| 5+ Bedrooms | $215K | $700K | +225.6% |
Summary: Lyons housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.2%, 3 bedroom homes increased by 134.8%, 4 bedroom homes increased by 152.2%, and 5+ bedroom homes increased by 225.6%.
Median Sold Price Compared To Nearby Cities
| Lyons | $143.5K | $182.5K | +27.2% |
| Lyons Township | $170K | $210K | +23.5% |
| Ionia Township | $176.4K | $197.5K | +11.9% |
Housing Supply in Lyons, MI
How many homes are available in Lyons, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The Lyons real estate market had 6 homes for sale in May 2024, a 40.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lyons housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lyons, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lyons in May 2024, up by 33.3% 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 Lyons, MI
How long does it take to sell a home in Lyons, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 22 Days | -8.3% |
Summary: Homes in Lyons had an average of 22 days on market in May 2024, down by 8.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lyons are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Lyons; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
