$2,731 Closing Credit*
$230,000
768 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael Kendall, Listing Office: Executive Brokers Residential and Commercial Real
Is Leoni Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Leoni Township has remained a Seller's Market.
Key Takeaway
Leoni Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leoni Township, MI
How much do homes in Leoni Township, MI cost?
Median Sold Price
$222,031
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,581(+4.5%)
Key Takeaway
Homes in Leoni Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Leoni Township was $222,031 in October 2024, up 4.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147.2K | N/A |
| 2 Bedrooms | $161K | $187.5K | +16.5% |
| 3 Bedrooms | $210K | $223K | +6.2% |
| 4 Bedrooms | $300K | $299K | -0.3% |
| 5+ Bedrooms | $237.5K | $420K | +76.8% |
Summary: Leoni Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 76.8%.
Median Sold Price Compared To Nearby Cities
| Henrietta Township | $227K | $250K | +10.1% |
| Jackson | $165K | $181K | +9.7% |
| Michigan Center | $188.5K | $200K | +6.1% |
| Leoni Township | $212.4K | $222K | +4.5% |
Housing Supply in Leoni Township, MI
How many homes are available in Leoni Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 69 | +6.2% |
Summary: The Leoni Township real estate market had 69 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Leoni Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leoni Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Leoni Township in October 2024, up by 58.3% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 49 Days | -19.6% |
Summary: Homes in Leoni Township had an average of 49 days on market in Oct 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leoni Township has remained consistent over time.
Summary: During October 2024, 19 homes were sold in Leoni Township; 32% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 16% 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.