New Lothrop Real Estate
1 active listing · 15 sold in the past 12mo
$164,900
Median List Price
15
Sold (past 12mo)
75
Avg Days on Market
+7.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(1)
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Recently Sold(15)
| Address | Sold Price | Date Sold |
|---|---|---|
| 17831 Lincoln Road, New Lothrop, MI 48460 | $440,000 | Mar 15, 2026 |
| 7567 Durand Road, New Lothrop, MI 48460 | $210,000 | Mar 5, 2026 |
| 9197 Sheridan Road, New Lothrop, MI 48460 | $180,000 | Mar 1, 2026 |
| 9456 Genesee Street, New Lothrop, MI 48460 | $131,400 | Jan 1, 2026 |
| 6501 N Vernon Road, New Lothrop, MI 48460 | $100,000 | Dec 21, 2025 |
| 7493 S SAGINAW Street, New Lothrop, MI 48460 | $170,000 | Dec 14, 2025 |
| 8366 Byron Road, New Lothrop, MI 48460 | $195,000 | Dec 11, 2025 |
| 9464 Beech Street, New Lothrop, MI 48460 | $237,000 | Nov 24, 2025 |
| 19284 Bishop Road, New Lothrop, MI 48460 | $223,000 | Nov 23, 2025 |
| 19379 Lincoln Road, New Lothrop, MI 48460 | $240,000 | Sep 24, 2025 |
| 19379 Lincoln Road, New Lothrop, MI 48460 | $240,000 | Sep 24, 2025 |
| 8017 S Saginaw Street, New Lothrop, MI 48460 | $150,000 | Sep 9, 2025 |
| 9425 Butternut Street, New Lothrop, MI 48460 | $184,900 | Aug 28, 2025 |
| 17260 East Road, New Lothrop, MI 48460 | $278,000 | Aug 18, 2025 |
| 19354 BUECHE Road, New Lothrop, MI 48460 | $237,000 | Jun 26, 2025 |
Frequently Asked Questions about New Lothrop
How many homes are for sale in New Lothrop?
New Lothrop currently has 1 home listed for sale. The median asking price is $164,900.
What are home prices like in New Lothrop?
The median sale price in New Lothrop is $164,900, based on 15 closed sales over the past 12 months.
What is the average days on market in New Lothrop?
Homes in New Lothrop sell in an average of 75 days, based on 15 sales over the past 12 months.
Which school districts cover New Lothrop?
Multiple school districts may serve New Lothrop. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the New Lothrop real estate market?
New Lothrop is currently a seller's market, with 0.8 months of supply. That ratio comes from 1 active listing relative to 15 sales per year.
How are property taxes calculated in New Lothrop?
Property taxes in New Lothrop are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in New Lothrop?
Per U.S. Census ACS data, New Lothrop has a +7.5% Household Formation Gap over the past 15 years. Average household size decreased from 2.7 to 2.44, creating demand for approximately 18 additional housing units even as population declined 2.9%. HFG is a secondary market indicator — it reflects demographic trends, not a primary measure like income-based affordability.