Is Lennon, MI 48449 a buyer’s or seller’s market?

The Lennon housing market right now

In the three months ending August 31, 2026, 17% of homes in Lennon, MI 48449 sold above their list price, the typical home went under contract in 15 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (35 days then) and the median sale price held steady to $237,397. Overall, Lennon is less competitive than a year ago, which gives buyers more room.

Within Shiawassee County, homes here sell faster than in 56% of the county’s ZIP codes, and sell less often over asking than in 89%.

Nearby, buyers who want less competition could look at New Lothrop 48460 (0% sold over asking), while Bancroft 48414 (83% sold over asking) and Morrice 48857 (80% sold over asking) are even more competitive.