Is New Lothrop, MI 48460 a buyer’s or seller’s market?
New Lothrop is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The New Lothrop housing market right now
In the three months ending August 31, 2026, 0% of homes in New Lothrop, MI 48460 sold above their list price, the typical home went under contract in 37 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (11 days then) and the median sale price fell 31% to $163,829. Overall, New Lothrop is less competitive than a year ago, which gives buyers more room.
Within Shiawassee County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Bancroft 48414 (83% sold over asking) and Morrice 48857 (80% sold over asking) are even more competitive.
Run the numbers for 48460
Nearby markets
Bancroft 48414Seller’s market $186 /sq ftByron 48418Seller’s market $177 /sq ftCorunna 48817Seller’s market $108 /sq ftDurand 48429Seller’s market $145 /sq ft Browse all markets →Towns like New Lothrop nearby
Find towns like New Lothrop in other states →Where New Lothrop is
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Questions about New Lothrop real estate
Is New Lothrop a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in New Lothrop, MI 48460 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Lothrop?
The typical home went under contract in 37 days in the latest three months.
Do homes in New Lothrop sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in New Lothrop?
About 1.31% of a home’s value a year in Shiawassee County, or roughly $5,240 on a $400,000 home.
What is the median home price in New Lothrop?
The median sale price was $163,829 in the three months ending August 31, 2026, about $195 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology