$2,671 Closing Credit*
$224,900
1,464 SqFt
4 Beds
•2 Full Baths
John Roberts, Listing Office: The Charles Reinhart Company
Is Leoni 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, Leoni Township was a Seller's Market.
Key Takeaway
Leoni Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Leoni Township, MI
How much do homes in Leoni Township, MI cost?
Median Sold Price
$219,950
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,050(+2.3%)
Key Takeaway
Homes in Leoni Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Leoni Township was $219,950 in November 2024, up 2.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $157.7K | $188K | +19.3% |
| 3 Bedrooms | $215K | $219.9K | +2.3% |
| 4 Bedrooms | $300K | $292K | -2.7% |
| 5+ Bedrooms | $250K | $389.1K | +55.6% |
Summary: Leoni Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 55.6%.
Median Sold Price Compared To Nearby Cities
| Jackson | $165.9K | $185K | +11.5% |
| Michigan Center | $184.2K | $202K | +9.6% |
| Henrietta Township | $235.5K | $250K | +6.2% |
| Leoni Township | $214.9K | $219.9K | +2.3% |
Housing Supply in Leoni Township, MI
How many homes are available in Leoni Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 65 | 0.0% |
Summary: The Leoni Township real estate market had 65 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Leoni Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 8 | -60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leoni Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Leoni Township in November 2024, down by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 53 Days | +36.2% |
Summary: Homes in Leoni Township had an average of 53 days on market in Nov 2024, up by 36.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leoni Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Leoni Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.