Is Leroy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Leroy Township was a Seller's Market.
Key Takeaway
Leroy Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Leroy Township, MI
How much do homes in Leroy Township, MI cost?
Median Sold Price
$210,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leroy Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Leroy Township was $210,000 in May 2024, up 3.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.2K | $81.5K | -43.1% |
| 2 Bedrooms | $98K | $149.5K | +52.6% |
| 3 Bedrooms | $203K | $217.7K | +7.3% |
| 4 Bedrooms | $341.2K | $295K | -13.6% |
| 5+ Bedrooms | $485K | $449.9K | -7.2% |
Summary: Leroy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.1%, 2 bedroom homes increased by 52.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Handy Township | $275K | $313.2K | +13.9% |
| Leroy Township | $203K | $210K | +3.4% |
| Webberville | $249.9K | $224.5K | -10.2% |
Housing Supply in Leroy Township, MI
How many homes are available in Leroy Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Leroy Township real estate market had 24 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Leroy Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leroy Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Leroy Township in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 11 Days | -59.8% |
Summary: Homes in Leroy Township had an average of 11 days on market in May 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leroy Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Leroy Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.