Is Leighton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$355,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Leighton Township was $355,000 in March 2024, up 8.6% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $216.5K | $269.5K | +24.5% |
3 Bedrooms | $318K | $360K | +13.2% |
4 Bedrooms | $350K | $530K | +51.4% |
5+ Bedrooms | $390K | $650.5K | +66.8% |
Summary: Leighton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes increased by 66.8%.
Median Sold Price Compared To Nearby Cities
Wayland | $280K | $315K | +12.5% |
Leighton Township | $327K | $355K | +8.6% |
Dorr Township | $309K | $334.4K | +8.2% |
Gaines Charter Township | $338K | $360K | +6.5% |
Thornapple Township | $330K | $330K | 0.0% |
Housing Supply in Leighton Township, MI
How many homes are available in Leighton Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Leighton Township real estate market had 17 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Leighton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Leighton Township in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
117 Days | 16 Days | -86.4% |
Summary: Homes in Leighton Township had an average of 16 days on market in Mar 2024, down by 86.4% 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 March 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.