Is Leroy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Leroy Township has remained a Seller's Market.
Key Takeaway
Leroy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leroy Township, MI
How much do homes in Leroy Township, MI cost?
Median Sold Price
$239,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Leroy Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Leroy Township was $239,950 in March 2024, up 6.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $81.5K | -57.4% |
| 2 Bedrooms | $282.7K | $170K | -39.9% |
| 3 Bedrooms | $225K | $257.5K | +14.4% |
| 4 Bedrooms | $337.5K | $315K | -6.7% |
| 5+ Bedrooms | $314.9K | $517K | +64.2% |
Summary: Leroy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.4%, 2 bedroom homes decreased by 39.9%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 64.2%.
Median Sold Price Compared To Nearby Cities
| East Leroy | $225K | $285K | +26.7% |
| Emmett Charter Township | $207.6K | $227K | +9.3% |
| Leroy Township | $225K | $239.9K | +6.6% |
| Newton Township | $387K | $350K | -9.6% |
Housing Supply in Leroy Township, MI
How many homes are available in Leroy Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Leroy Township real estate market had 24 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Leroy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leroy Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Leroy Township in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Leroy Township, MI
How long does it take to sell a home in Leroy Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 177 Days | 84 Days | -52.4% |
Summary: Homes in Leroy Township had an average of 84 days on market in Mar 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Leroy Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Leroy Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
