Is East Leroy, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Leroy is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, East Leroy has remained a Seller's Market.

Key Takeaway

East Leroy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in East Leroy, MI cost?

Median Sold Price

$215,000

$129/sqft

Based on all homes sold in December 2022.

Difference Since Last Month

-$10,000(-4.4%)

Key Takeaway

Homes in East Leroy have sold for 4.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 --
N/A
3 $225K$215K
-4.4%
4 -$360K
N/A
5+ --
N/A

How many homes are available in East Leroy, MI?

Number of Homes For Sale

Nov 2022Dec 2022%
58+60.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 02
+100.0%
3 45
+25.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Leroy, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Leroy, MI

East Leroy, MI has 8 homes on the market. The number of listings in East Leroy, MI increased by 60% between November 2022 and December 2022. Listing prices have changed in this real estate market between December 2021 and December 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties became 4.4% more cheaper, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory increased by 25%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes did not move. East Leroy, MI housing market in December 2022 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.