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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leoni Township is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Leoni Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Leoni Township, MI cost?

Median Sold Price

$182,500

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$2,500(+1.4%)

Key Takeaway

Homes in Leoni Township have sold for 1.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $77K$120.9K
+57.1%
2 $137.5K$115K
-16.4%
3 $174.3K$178.5K
+2.4%
4 $262K$285K
+8.8%
5+ $252K$335K
+32.9%

Median Sold Price Compared To Nearby Cities

Henrietta Township
+19.6%
Blackman Charter Township
+17.4%
Leoni Township
+1.4%
Michigan Center
-18.8%

How many homes are available in Leoni Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
5059+18.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 47
+75.0%
2 1211
-8.3%
3 2322
-4.3%
4 815
+87.5%
5+ 34
+33.3%

Number of Homes Sold

Apr 2022May 2022%
1624+50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leoni Township, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
11 Days31 Days+183.3%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leoni Township are selling fast, if you're buying plan to act quickly.

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

About Leoni Township, MI

Number of homes for sale in Leoni Township, MI real estate market have reached 59. The number of homes for sale in Leoni Township, MI increased by 18% between April 2022 and May 2022. In May 2022 median list price was $182,500 and the average listing age was 31 days. This housing market listing prices have changed between April 2022 and May 2022: 1 bedroom properties prices increased by 57.1%, 2 bedrooms properties became 16.4% more cheaper, prices of 3 bedrooms properties increased by 2.4%, prices of 4 bedrooms properties went up by 8.8%, the cost of 5 bedrooms properties went up by 32.9%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 75%, 2 bedrooms homes inventory decreased by 8.3%, number of 3 bedrooms homes decreased by 4.3%, volume of 4 bedrooms homes went up by 87.5%, number of 5 bedrooms homes increased by 33.3%. Over 11 listings were sold over their listed price in May 2022 in Leoni Township, MI. In the same period over 9 listings were sold below the listed price and 4 listings were sold for the listed price.

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