Is Leoni Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Leoni Township has remained a Seller's Market.
Housing Prices in Leoni Township, MI
How much do homes in Leoni Township, MI cost?
Median Sold Price
$216,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Leoni Township was $216,000 in June 2024, up 10.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $160K | -1.5% |
2 Bedrooms | $175K | $160K | -8.6% |
3 Bedrooms | $195K | $219K | +12.3% |
4 Bedrooms | $280K | $314.9K | +12.5% |
5+ Bedrooms | $224.2K | $327.8K | +46.2% |
Summary: Leoni Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 46.2%.
Median Sold Price Compared To Nearby Cities
Michigan Center | $179.9K | $205K | +14.0% |
Jackson | $155.8K | $176.3K | +13.2% |
Leoni Township | $195K | $216K | +10.8% |
Housing Supply in Leoni Township, MI
How many homes are available in Leoni Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
67 | 72 | +7.5% |
Summary: The Leoni Township real estate market had 72 homes for sale in June 2024, a 7.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Leoni Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Leoni Township in June 2024, up by 5.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
39 Days | 26 Days | -32.7% |
Summary: Homes in Leoni Township had an average of 26 days on market in Jun 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Leoni Township; 55% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.