$4,274 Closing Credit*
$359,900
1,570 SqFt
3 Beds
•2 Full Baths
Jennifer Swack, Listing Office: Key Realty One
Is Leonard, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Leonard was a Neutral Market.
Key Takeaway
Leonard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leonard, MI
How much do homes in Leonard, MI cost?
Median Sold Price
$511,879
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$76,879(+17.7%)
Key Takeaway
Homes in Leonard have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Leonard was $511,879 in September 2024, up 17.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297.5K | $297.5K | 0.0% |
| 3 Bedrooms | $434.9K | $442.5K | +1.7% |
| 4 Bedrooms | $570K | $686K | +20.4% |
| 5+ Bedrooms | $477.5K | $712K | +49.1% |
Summary: Leonard housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 49.1%.
Median Sold Price Compared To Nearby Cities
| Leonard | $435K | $511.8K | +17.7% |
| Addison Township | $352.5K | $415K | +17.7% |
Housing Supply in Leonard, MI
How many homes are available in Leonard, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Leonard real estate market had 14 homes for sale in September 2024, a 7.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Leonard housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leonard, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Leonard in September 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Leonard, MI
How long does it take to sell a home in Leonard, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 3 Days | 39 Days | +1200.0% |
Summary: Homes in Leonard had an average of 39 days on market in Sep 2024, up by 1200% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leonard are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Leonard; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.