Nearly Half of Lenawee Listings Have Cut Their Price — Here's What That Actually Means

Nearly half the market is priced below where it started

As of November 12, 122 of the 267 active residential listings in Lenawee County — 46% — are asking less than they first listed at.

That number surprises people. It shouldn't. It's what a balanced market looks like in the back half of November: inventory is still here, buyer urgency has thinned out, and sellers who listed in September are adjusting to what buyers are actually paying.

Here's the shape of it from our live feed:

• Median sale price (last 6 months): $232,000
• Active / pending: 267 / 45
• Average days on market: 43
• Months of supply: 3.1 — balanced, not a buyer's market
• Sale-to-original-asking price: 98%

Through October, the median sale price was up 3% from September and up 7% from October 2025. We're reporting those on complete months deliberately — November is 12 days old, and a half-finished month's median is noise, not a trend.

The cuts, street by street

All Lenawee County, all verified against our MLS feed:

• 218 E Hunt Street, Adrian — from $119,900 to $89,900 (down 25%)
• 2764 Drexel Boulevard, Adrian — from $99,900 to $84,900 (down 15%)
• 111 Greenleaf Street, Onsted — from $200,000 to $179,900 (down 10%)
• 1204 E Valley Road, Adrian — from $219,900 to $205,000
• 420 N Evans Street, Tecumseh — from $419,900 to $387,000
• 1708 Nicholas Lane, Adrian — from $549,900 to $499,900
• 9100 E Monroe Road, Britton — from $459,000 to $429,900
• 1009 Murray Drive, Tecumseh — from $275,000 to $265,000

Notice the spread. The biggest percentage cuts are on the entry-level end — a $30,000 reduction on a $119,900 house is a 25% cut, while a $50,000 reduction on $549,900 is 9%. When people say "the market is dropping," they're usually looking at the first kind of number and generalizing. What's actually happening is that overpriced listings at every price point are converging on what buyers will pay.

What this means if you're buying

Cuts create negotiation room that didn't exist in September. Two things worth doing:

1. Ask for the original list price, not just the current one. A home that's been reduced twice is telling you something — and it's telling you more if it's still sitting after the second cut.
2. Don't confuse "reduced" with "bargain." A house that dropped 25% in six weeks usually has a reason beyond seller motivation. Check roof, mechanicals, and condition, and read the days-on-market number honestly.

With 3.1 months of supply and 45 pendings, you have real choices. But the well-priced ones still move in weeks, not months.

What this means if you're selling

November buyers are serious buyers — the lookie-loos stay home when it's cold. But they're comparison shopping, and they can see the same reduction data you can.

Three things we tell our sellers right now:

1. Price to the comps that closed in the last 60 days, not the ones that listed high and sat.
2. Watch days on market, not asking price, when you evaluate your neighbor's sale. A $300k list that closes at $265k after 90 days isn't a comp — it's a cautionary tale.
3. If you're past 30 days and under 10 showings, the price is the problem. Cut early and decisively rather than in small $2,000 increments.

What actually closed this week

Nine residential closings in Lenawee County between November 5 and November 11:

• 8786 Loire Valley Drive, Tecumseh — $534,900
• 6443 W Beecher Road, Clayton — $414,100
• 9615 Coomer Street, Morenci — $275,000 (above its $260,000 asking price)
• 946 College Avenue, Adrian — $256,000
• 1103 W Pottawatamie Street, Tecumseh — $231,000
• 645 State Street, Adrian — $176,000
• 511 Cairns Street, Tecumseh — $172,500 (above its $159,900 asking price)
• 349 Greenly Street, Adrian — $70,000
• 4148 Sycamore Street, Palmyra — $29,900

That's a healthy late-season clip for mid-November in a county this size. And two of those nine closed above asking — Morenci by $15,000, Tecumseh by $12,600, the Tecumseh one in just four days. Pricing honestly still works — it just works faster than hoping does.

Open houses this weekend

Fourteen open houses across the county — three on Saturday, eleven on Sunday.

Saturday, Nov 14 (1–3 pm)

• 428 Clinton Street, Adrian — $129,900
• 416 North Street, Blissfield — $375,000
• 807 Conklin Drive, Tecumseh — $369,900

Sunday, Nov 15 (1–3 pm, unless noted)

• 1641 Rivers Edge Court, Adrian — $399,900
• 1650 Fairfield Road, Adrian — $315,000
• 5750 Lyons Highway, Adrian — $545,000
• 3434 NW Sand Creek Highway, Adrian — $331,000 (12–2 pm)
• 603 W Chicago Boulevard, Tecumseh — $350,000
• 215 W Shawnee Street, Tecumseh — $465,000
• Manitou Beach — 175 Walnut Street ($325,000), two units at 103 Walnut Street ($325,000 and $625,000) plus a smaller 103 Walnut unit, and 8409 Horton Beach Drive ($595,000)

Bottom line: balanced market, adjusting prices, real demand for anything that presents well and is priced honestly. If you're thinking about listing before spring, January inventory is thinner than April inventory — that's an advantage, but only at the right number.

Figures pulled from our live Paragon/MiRealSource feed on November 12, 2026. Sale price and days-on-market figures reflect residential closings in the last six months across Adrian, Tecumseh, Blissfield, Morenci, Hudson, Onsted, Clayton, Deerfield, Britton, Palmyra, Riga, and Tipton. Month-over-month and year-over-year changes are calculated on complete calendar months (October 2026 vs. September 2026, and October 2026 vs. October 2025). Property data provided through IDX via MiRealSource. Reach out any time and we'll run the comps for your specific street.