Neighborhood
New Lothrop VillageNew Lothrop, Michigan
New Lothrop Village is a village in Shiawassee County, Michigan. The housing stock consists primarily of single-family properties built between 1890 and 2006. The average home is 1,718 square feet with 3 bedrooms. Based on sales over the past 12 months, the median sale price in New Lothrop Village is $170,000, with closed prices ranging from $131,400 to $237,000. That works out to a median of $115 per square foot. The New Lothrop Village real estate market currently has 1 active listing and 1 pending, listed at $129,900. At the current pace of 5 sales per year, New Lothrop Village's 2 active listings represent 2.4 months of supply, indicating a seller's market. Homes sell in an average of 101 days on market. Sellers in New Lothrop Village benefit from 5 comparable sales over the past 12 months for accurate pricing.
Residential Overview
1Active Listings
$170,000Median Sale Price (past 12mo)
101daysAvg Days on Market
$115Price per Sqft
5Sold (past 12mo)
2.4moSeller's Market
1945Avg Year Built
1,718 sqftAvg Size
3.2Avg Beds
1.4Avg Baths
1.2 acAvg Lot
Homes for Sale(1)
Commercial(2)
Market Analytics
Recently Sold Residential (41)
Property Records
Per FEMA, New Lothrop Village is classified as Zone X, indicating minimal flood risk; flood insurance is optional. Flood zone boundaries are subject to change by FEMA map revision. Verify current status at FEMA Map Service Center before making purchasing decisions.
Frequently Asked Questions about New Lothrop Village
What is the median home price in New Lothrop Village?
Homes in New Lothrop Village sell for a median of $170,000, drawn from 5 transactions over the past 12 months. Sale prices have ranged from $131,400 to $237,000. That works out to roughly $115 per square foot.
What is the current inventory in New Lothrop Village?
There is currently 1 active listing in New Lothrop Village. The asking price is $129,900. 1 additional listing is pending or under contract.
What kind of housing is available in New Lothrop Village?
The housing stock in New Lothrop Village is mainly single family residence homes, with construction dates ranging from 1890 to 2006. The average home size is 1,718 square feet. Homes typically have 3 bedrooms.
How fast do homes sell in New Lothrop Village?
The average days on market in New Lothrop Village is 101, drawn from 5 recent transactions.
Is New Lothrop Village a buyer's or seller's market?
At the current pace, New Lothrop Village has 2.4 months of inventory — a seller's market. There is 1 active listing against 5 closed sales in the past year.
How much land do homes sit on in New Lothrop Village?
Homes in New Lothrop Village sit on an average of 1.2 acres. Lot sizes can vary significantly within the area.
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