$33,000
10.00 Acres
Land
Holly Abner, Mary Peacock, Listing Office: Peacock Real Estate
Is Le Roy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Le Roy Township was a Seller's Market.
Key Takeaway
Le Roy 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 Le Roy Township, MI
How much do homes in Le Roy Township, MI cost?
Median Sold Price
$165,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,450(-4.9%)
Key Takeaway
Homes in Le Roy Township have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Le Roy Township was $165,000 in November 2024, down 4.9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $126.8K | -33.8% |
| 2 Bedrooms | $360K | $234.9K | -34.8% |
| 3 Bedrooms | $137K | $170K | +24.1% |
| 4 Bedrooms | $295K | $165K | -44.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Le Roy Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 44.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rose Lake Township | $150K | $215K | +43.3% |
| Leroy | $178K | $170K | -4.5% |
| Le Roy Township | $173.4K | $165K | -4.9% |
Housing Supply in Le Roy Township, MI
How many homes are available in Le Roy Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Le Roy Township real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Le Roy Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Le Roy Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Le Roy Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Le Roy Township, MI
How long does it take to sell a home in Le Roy Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 101 Days | +88.8% |
Summary: Homes in Le Roy Township had an average of 101 days on market in Nov 2024, up by 88.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Le Roy Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Le Roy Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
