Is Leoni Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Leoni Township was a Seller's Market.
Housing Prices in Leoni Township, MI
How much do homes in Leoni Township, MI cost?
Median Sold Price
$214,950
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Leoni Township was $214,950 in March 2024, up 8.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $125K | -5.7% |
2 Bedrooms | $151K | $159K | +5.3% |
3 Bedrooms | $197.5K | $236.5K | +19.7% |
4 Bedrooms | $280K | $312.4K | +11.6% |
5+ Bedrooms | $225K | $330K | +46.7% |
Summary: Leoni Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 46.7%.
Median Sold Price Compared To Nearby Cities
Jackson | $138.1K | $174.9K | +26.7% |
Henrietta Township | $230K | $274.5K | +19.3% |
Leoni Township | $197.5K | $214.9K | +8.8% |
Michigan Center | $179.9K | $191.7K | +6.6% |
Housing Supply in Leoni Township, MI
How many homes are available in Leoni Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Summary: The Leoni Township real estate market had 35 homes for sale in March 2024, a 29.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Leoni Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Leoni Township in March 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 80 Days | +122.9% |
Summary: Homes in Leoni Township had an average of 80 days on market in Mar 2024, up by 122.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Leoni Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.