Is Leroy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Leroy Township was a Seller's Market.
Housing Prices in Leroy Township, MI
How much do homes in Leroy Township, MI cost?
Median Sold Price
$245,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Leroy Township was $245,000 in May 2024, up 14% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.2K | $81.5K | -43.1% |
2 Bedrooms | $145K | $175K | +20.7% |
3 Bedrooms | $215K | $260K | +20.9% |
4 Bedrooms | $312.4K | $319K | +2.1% |
5+ Bedrooms | $449.9K | $517K | +14.9% |
Summary: Leroy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.1%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
Leroy Township | $215K | $245K | +14.0% |
Emmett Charter Township | $205K | $230K | +12.2% |
Athens Township | $158.5K | $176.2K | +11.2% |
Housing Supply in Leroy Township, MI
How many homes are available in Leroy Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Summary: The Leroy Township real estate market had 27 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 0 | 3 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Leroy Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Leroy Township in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Leroy Township, MI
How long does it take to sell a home in Leroy Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 17 Days | +37.1% |
Summary: Homes in Leroy Township had an average of 17 days on market in May 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Leroy Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.