The median home in Lenawee County listed for $301,175 in May, up 0.4% from the previous month’s $299,950, an analysis of data from Realtor.com shows.
Compared to May 2023, the median home list price increased 0.5% from $299,800.
The statistics in this article only pertain to houses listed for sale in Lenawee County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.lenconnect.com.
Lenawee County’s median home was 1,839 square feet, listed at $154 per square foot. The price per square foot of homes for sale is down 3.7% from May 2023.
Listings in Lenawee County moved briskly, at a median 36 days listed compared to the May national median of 44 days on the market. In the previous month, homes had a median of 46 days on the market. Around 128 homes were newly listed on the market in May, a 42.2% increase from 90 new listings in May 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market’s homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
In Michigan, median home prices were $299,900, a slight increase from April. The median Michigan home listed for sale had 1,621 square feet, with a price of $181 per square foot.
Throughout the United States, the median home price was $442,450, a slight increase from the month prior. The median American home for sale was listed at 1,859 square feet, with a price of $233 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what’s happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, 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 the current median price here
Amanda Smith is a dedicated U.S. correspondent with a passion for uncovering the stories that shape the nation. With a background in political science, she provides in-depth analysis and insightful commentary on domestic affairs, ensuring readers are well-informed about the latest developments across the United States.
