Is Leoni Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Leoni Township has remained a Seller's Market.
Housing Prices in Leoni Township, MI
How much do homes in Leoni Township, MI cost?
Median Sold Price
$215,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Leoni Township was $215,000 in May 2024, up 10.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $160K | +18.5% |
2 Bedrooms | $160.9K | $160K | -0.6% |
3 Bedrooms | $195K | $219K | +12.3% |
4 Bedrooms | $280K | $301K | +7.5% |
5+ Bedrooms | $237.5K | $331.2K | +39.5% |
Summary: Leoni Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Cities
Jackson | $155K | $175.1K | +13.0% |
Michigan Center | $175.5K | $197.5K | +12.5% |
Leoni Township | $195K | $215K | +10.3% |
Housing Supply in Leoni Township, MI
How many homes are available in Leoni Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 69 | +38.0% |
Summary: The Leoni Township real estate market had 69 homes for sale in May 2024, a 38.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 21 | +61.5% |
3 Bedrooms | 17 | 26 | +52.9% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Leoni Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 52.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Leoni Township in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 5% were sold at asking, and 53% were sold over asking.
Days on Market for Leoni Township, MI
How long does it take to sell a home in Leoni Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 23 Days | +48.2% |
Summary: Homes in Leoni Township had an average of 23 days on market in May 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Leoni Township; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.