Lapeer, MI Home Values & Market Trends
Real estate market trends reflect that there have been 417 transactions over the past year in Lapeer. The median value for residential home transactions that occurred over the previous year is $244,438.4. The number of current listings in Lapeer is 44, and the percentage of properties for sale in the city is 44.00%. Lapeer, MI currently has 14 properties in foreclosure, 1 bank owned properties, 13 properties headed for auction, and 44 properties for sale.
Lapeer, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48446 | $ 271,782 $ 162/sqft |
Housing Market Summary for Lapeer, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $224.9K | $231.8K | 3.07% |
| Median Sold Price | $227.1K | $231.8K | 2.08% |
| Homes For Sale | 49 | 47 | -4.08% |
| Homes Sold | 320 | 263 | -17.81% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lapeer, MI
Browse Homes in Lapeer, MI
Lapeer home values range from $18,719 to $3,878,927. The median estimated value of a home in Lapeer is $244,438.4. The median list price of a home is 259,450, and the total count of properties in the city is 10,585.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lapeer, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lapeer, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lapeer, MI ranges from the highest value of $155,113 in 48446 to the lowest value of $155,113 in 48446. Bank owned homes and properties account for 0.01% of properties in Lapeer, MI. There is 1 zips within Lapeer, MI; 48446 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48446 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Lapeer, MI. Auction homes and other auction properties account for 0.12% of all properties in Lapeer, MI. There is 1 zips within Lapeer, MI; of that zips, the median estimated home value for homes going to auction ranges from $407,000 in 48446 to the lowest value of $49,900 in 48446.
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Guide for Lapeer, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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