$10,000 Closing Credit*
$1,700,000
2,964 SqFt
4 Beds
•3 Full Baths, 1 Partial
Joel Peterson, Listing Office: J. Peterson Realty
Is Leland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Leland was a Seller's Market.
Key Takeaway
Leland 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 Leland, MI
How much do homes in Leland, MI cost?
Median Sold Price
$500,000
$213/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$692,450(-58.1%)
Key Takeaway
Homes in Leland have sold for 58.1% less than they did a month ago.
Summary: The median home sold price in Leland was $500,000 in November 2024, down 58.1% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $500K | N/A |
| 3 Bedrooms | $629.9K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: Leland housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Leland, MI
How many homes are available in Leland, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Leland real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Leland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 Leland, 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 Leland in November 2024, down by 50.0% 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 Leland, MI
How long does it take to sell a home in Leland, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +15.1% |
Summary: Homes in Leland had an average of 42 days on market in Nov 2024, up by 15.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leland has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Leland; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
