Is Leoni 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, 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
$213,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Leoni Township was $213,500 in April 2024, up 6.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $125K | -5.7% |
2 Bedrooms | $160.9K | $159K | -1.2% |
3 Bedrooms | $197.5K | $227K | +14.9% |
4 Bedrooms | $294.5K | $304.9K | +3.5% |
5+ Bedrooms | $237.5K | $296.2K | +24.7% |
Summary: Leoni Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
Henrietta Township | $217.5K | $280.7K | +29.1% |
Jackson | $140.5K | $174.9K | +24.5% |
Leoni Township | $200K | $213.5K | +6.8% |
Michigan Center | $177.9K | $188.5K | +5.9% |
Housing Supply in Leoni Township, MI
How many homes are available in Leoni Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 53 | +47.2% |
Summary: The Leoni Township real estate market had 53 homes for sale in April 2024, a 47.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 14 | +100.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Leoni Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Leoni Township in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 24 Days | -53.9% |
Summary: Homes in Leoni Township had an average of 24 days on market in Apr 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Leoni Township; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.