Is Leighton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Leighton Township has remained a Seller's Market.
Housing Prices in Leighton Township, MI
How much do homes in Leighton Township, MI cost?
Median Sold Price
$365,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Leighton Township was $365,000 in April 2024, up 15.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $218.2K | $279K | +27.9% |
3 Bedrooms | $318.5K | $380K | +19.3% |
4 Bedrooms | $351K | $520K | +48.1% |
5+ Bedrooms | $390K | $590K | +51.3% |
Summary: Leighton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes increased by 51.3%.
Median Sold Price Compared To Nearby Cities
Leighton Township | $315K | $365K | +15.9% |
Dorr Township | $303K | $332.9K | +9.9% |
Wayland | $288.9K | $309.9K | +7.3% |
Gaines Charter Township | $340K | $361K | +6.2% |
Thornapple Township | $322.8K | $327.4K | +1.4% |
Housing Supply in Leighton Township, MI
How many homes are available in Leighton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Summary: The Leighton Township real estate market had 14 homes for sale in April 2024, a 17.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Leighton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Leighton Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Leighton Township, MI
How long does it take to sell a home in Leighton Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -5.0% |
Summary: Homes in Leighton Township had an average of 15 days on market in Apr 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Leighton Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.