Is Leroy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Leroy Township has remained a Seller's Market.
Housing Prices in Leroy Township, MI
How much do homes in Leroy Township, MI cost?
Median Sold Price
$204,950
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Leroy Township was $204,950 in April 2024, down 2.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.5K | $81.5K | -57.4% |
2 Bedrooms | $126.2K | $145K | +14.9% |
3 Bedrooms | $203K | $210K | +3.4% |
4 Bedrooms | $355K | $295K | -16.9% |
5+ Bedrooms | $485K | $329.8K | -32.0% |
Summary: Leroy Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.4%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 32%.
Median Sold Price Compared To Nearby Cities
Handy Township | $275K | $309.9K | +12.7% |
Webberville | $210K | $228K | +8.6% |
Leroy Township | $210K | $204.9K | -2.4% |
Housing Supply in Leroy Township, MI
How many homes are available in Leroy Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The Leroy Township real estate market had 23 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Leroy Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Leroy Township in April 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 55 Days | +30.3% |
Summary: Homes in Leroy Township had an average of 55 days on market in Apr 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Leroy Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.