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 January 2023

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.

Housing Prices in Leoni Township, MI

How much do homes in Leoni Township, MI cost?

Median Sold Price

$215,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$24,500(+12.9%)

Key Takeaway

Homes in Leoni Township have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Leoni Township was $215,000 in January 2024, up 12.9% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $132.5K$125K
-5.7%
2 $149.9K$156.4K
+4.3%
3 $191K$238.9K
+25.1%
4 $274.9K$300K
+9.1%
5+ $272.5K$268.7K
-1.4%

Summary: Leoni Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Jackson
+21.4%
Michigan Center
+16.2%
Leoni Township
+12.9%
Henrietta Township
+5.2%

Housing Supply in Leoni Township, MI

How many homes are available in Leoni Township, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
4038-5.0%

Summary: The Leoni Township real estate market had 38 homes for sale in January 2024, a 5.0% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 21
-50.0%
2 811
+37.5%
3 1913
-31.6%
4 911
+22.2%
5+ 22
0.0%

Summary: The Leoni Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leoni Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Leoni Township in January 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for Leoni Township, MI

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

Average Sale Time

Jan 2023Jan 2024CHANGE
62 Days63 Days+1.5%

Summary: Homes in Leoni Township had an average of 63 days on market in Jan 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 11 homes were sold in Leoni Township; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% 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 29 Days Ago

Newest Listings in Leoni Township, MI

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