The average home in Lenawee County was listed at $301,175 in May, up 0.4% from the previous month’s $299,950, an analysis of Realtor.com data shows.
Compared to May 2023, the average list price of a home increased 0.5% from $299,800.
The statistics in this article refer only to homes for sale in Lenawee County, not homes that have been sold. Information about your local housing market, along with other useful community data, is available at data.lenconnect.com.
Lenawee County’s average home was 1,839 square feet, listed at $154 per square foot. The price per square meter of houses for sale has fallen by 3.7% compared to May 2023.
Listings in Lenawee County developed quickly, with an average of 36 days listed, compared to May’s national average of 44 days on market. In the previous month, homes spent an average of 46 days on the market. In May, approximately 128 new homes came onto the market, an increase of 42.2% compared to the 90 new homes in May 2023.
Realtor.com’s average home prices may exclude many or even most of the homes on the market. Price and volume represent single-family homes, condominiums, or townhomes only. They include existing homes but exclude most new-build homes and pending and conditional sales.
In Michigan, median home prices were $299,900, up slightly from April. The average Michigan home for sale was 1,621 square feet, priced at $181 per square foot.
In the United States, the average home price was $442,450, up slightly from the previous month. The average American home for sale was listed at 1,859 square feet, priced at $233 per square foot.
The average list price for homes used in this report represents the midpoint of all homes or units listed during the given period. Experts say the median provides a more accurate picture of what’s happening in a market than the average list price, which would mean taking the sum of all list prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on The Daily Telegram: Lenawee County home listings asked for more money in May – see current median price here
