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Featured local agent — New Lothrop, MI
Sarah Mitchell
Compass Real Estate · New Lothrop, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Lothrop, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$131,400median sale price
How is the New Lothrop, MI housing market right now?
The median home sale price in New Lothrop, MI is $131,400. Homes sell in an average of 20 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of January 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Lothrop a buyer's or seller's market?
New Lothrop, MI is currently a balanced market and homes selling in about 20 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
20
Fast-moving
Active listings
—
Sale-to-list
97.4%
Below asking
What does the New Lothrop housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $131,400 |
| Average days on market | 20 days |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $119/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New Lothrop by property type?
How the New Lothrop, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $131,400 | $119/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The New Lothrop housing market is currently classified as a balanced market with a median sale price of $131,400. Prices have fallen 0.0% compared to last year, with homes spending an average of 20 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in New Lothrop
Explore homes currently listed for sale in New Lothrop, Michigan across major real estate platforms.
Who lives in New Lothrop?
Population
640
Median income
$78,500/yr
Median age
36.4 years
Owner-occupied
67.2%
College grads
20.2%
Avg commute
34 min
Source: U.S. Census Bureau ACS
What are homes worth in New Lothrop?
Zillow home value
$247,809
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in New Lothrop?
New Lothrop is a community of approximately 1K residents with a median age of 36.4 years.The median household income is $78,500, which reflects a relatively affluent area with strong earning potential. 20.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 34 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Lothrop offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Lothrop?
2 schools tracked · 916 students
The largest public schools serving New Lothrop, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
New Lothrop Elementary School
Grades PK-6 · 508 students
New Lothrop High School
Grades 7-12 · 408 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Lothrop, MI?
Want a head-to-head view? Compare New Lothrop side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Lothrop?
The median home sale price in New Lothrop is $131,400, down 0.0% from last year.
How long do homes stay on market in New Lothrop?
Homes typically spend 20 days on market before going under contract.
What is the median income in New Lothrop?
The median household income is $78,500 per year.
What is the Zillow home value estimate for New Lothrop?
The Zillow Home Value Index (ZHVI) for New Lothrop is $247,809, representing the typical home value in the area.
How much does a single-family home cost in New Lothrop?
The median single-family home price in New Lothrop, MI is $131,400 (about $119 per square foot).
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