Photo: Notorious4life · Public domain135 homes sold in Lapeer in the last year, at a typical $253K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lapeer homes are listed.
Every place Lapeer homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lapeer.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
21% of Lapeer’s sales are condos, at $61K more than a house
106 houses and 28 condos sold in the year to May 2026. Houses sell faster. Condos draw more bidding wars.
typical sale · 106 sold in 12 months
- Per square foot
- $158MI $172
- Days to sell
- 38
- Sold over asking
- 36%
- Listings with a price cut
- 31%
typical sale · 28 sold in 12 months
- Per square foot
- $211MI $190
- Days to sell
- 100
- Sold over asking
- 46%
- Listings with a price cut
- 27%
Multi-family (2–4 units): 1 sold, typical $200K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.3 times the 2016 price
135 sales in the last year, against 160 in 2021 and a low of 100 in 2023. The typical sale went from $108K in 2016 to $253K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Lapeer
Check a listing against what Lapeer homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lapeer are more common than before the pandemic, with about as many homes for sale
We read every month of Lapeer’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 135 sales.
If you’re buying in Lapeer
- Shop in September. It brings about 14 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- Some room to negotiate. 27% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 98.8% of the list price on average; 39% paid over.
- You’ll usually have time. Only 41% of homes go under contract within two weeks; the typical one takes 38 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 17 a month), but May is the most competitive: 35% of May sales close over asking. August and September offer nearly as much choice with fewer homes bid up (21%). February has the least competition (17%) but only about 9 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Michigan
| Lapeer now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 24% | 35% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 41% | 32% | 44% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 27% | 28% | 21% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.8% | 97.3% | 98.4% | 98.4% |
| Days to sellMedian days from listing to contract | 38 | 45 | 31 | 33 |
31 homes for sale on a typical day
That’s 1.6 times the 2022 low (20), 13% fewer than in 2017–19 and well under 2015’s 56.
1 in 4 listings has cut its price
27% in the last year, against 28% in 2017–19 and 28% across Michigan.
Since 2019, houses are up 69%, condos 107%
A house typically sold for $236K in the last year (106 sales), a condo for $298K (28).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lapeer ranks 51st of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lapeer is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lapeer home costs about $1,549 a month
Price: Lapeer’s typical sale, last 12 months. Property tax at Lapeer’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lapeer is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $253K home, about $2,740 a year.
Taxes vs. neighborsSchools
The schools grade for Lapeer, from test results, graduation and how much students grow.
Schools in LapeerCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Imlay City and Burton sell for less a square foot
The busier markets within 25 miles of Lapeer, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Burton | 389 | $178K | $128 | 35% | 27 |
| Lapeer | 135 | $253K | $164 | 39% | 38 |
| Davison Township | 79 | $238K | $164 | 49% | 17 |
| Imlay City | 44 | $220K | $142 | 36% | 48 |
| Oxford Township | 44 | $288K | $184 | 23% | 43 |
| Goodrich | 39 | $372K | $180 | 21% | 40 |
| Ortonville | 24 | $315K | $187 | 42% | 30 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lapeer, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lapeer. People who follow the town see it, and so do people comparing Lapeer with their own town. No commission, no listing fee.
Questions about buying a home in Lapeer
What do homes sell for in Lapeer, MI?
135 homes sold in the year to May 2026 at a typical $253K, $164 a square foot. Houses sold for about $236K, condos for about $298K.
Is Lapeer a buyer’s or seller’s market?
A seller’s market: 27 homes were for sale in May 2026 and 12 sold, about 2.3 months of supply. Buyers paid 98.8% of asking on average, and 27% of listings cut their price.
When is the best time to buy in Lapeer?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lapeer?
About 1.1% of a home’s value a year. On a $253K home that’s near $2,740.
Where can I see homes for sale in Lapeer?
Zillow, Redfin, Realtor.com and Homes.com all carry Lapeer’s MLS listings; the search links above open each one filtered to Lapeer.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).