Is Leland Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leland Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Leland Township was a Seller's Market.

Key Takeaway

Leland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Leland Township, MI

How much do homes in Leland Township, MI cost?

Median Sold Price

$972,500

$422/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+4.3%)

Key Takeaway

Homes in Leland Township have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Leland Township was $972,500 in November 2024, up 4.3% from last year, and the median price per square foot was $422.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260.7K-
N/A
2 $826K$392.5K
-52.5%
3 $792.5K$685.5K
-13.5%
4 $1.3M$1.7M
+33.8%
5+ $1.8M$1.7M
-2.8%

Summary: Leland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Suttons Bay Township
+21.9%
Leland Township
+4.3%
Lake Leelanau
-8.2%
Centerville Township
-46.7%

Housing Supply in Leland Township, MI

How many homes are available in Leland Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1911-42.1%

Summary: The Leland Township real estate market had 11 homes for sale in November 2024, a 42.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 63
-50.0%
4 43
-25.0%
5+ 53
-40.0%

Summary: The Leland Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
71-85.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leland Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Leland Township in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Leland Township, MI

How long does it take to sell a home in Leland Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days42 Days+50.0%

Summary: Homes in Leland Township had an average of 42 days on market in Nov 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Leland Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Leland Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Leland Township, MI

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