$3,561 Closing Credit*
$299,900
1,805 SqFt
3 Beds
•2 Full Baths, 1 Partial
Andrew Frantz, Listing Office: RE/MAX Perrett Associates
Is Leroy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Leroy Township has remained a Seller's Market.
Key Takeaway
Leroy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leroy Township, MI
How much do homes in Leroy Township, MI cost?
Median Sold Price
$215,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,000(-12.2%)
Key Takeaway
Homes in Leroy Township have sold for 12.2% less than they did a year ago.
Summary: The median home sold price in Leroy Township was $215,000 in November 2024, down 12.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $113.3K | -40.8% |
| 2 Bedrooms | $175K | $184K | +5.1% |
| 3 Bedrooms | $217.5K | $227.5K | +4.6% |
| 4 Bedrooms | $312.5K | $363K | +16.2% |
| 5+ Bedrooms | $517K | $598.4K | +15.7% |
Summary: Leroy Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| East Leroy | $248.7K | $280K | +12.6% |
| Emmett Charter Township | $215K | $225K | +4.7% |
| Leroy Township | $245K | $215K | -12.2% |
Housing Supply in Leroy Township, MI
How many homes are available in Leroy Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Summary: The Leroy Township real estate market had 28 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Leroy Township 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 decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leroy Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Leroy Township in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 74 Days | +97.2% |
Summary: Homes in Leroy Township had an average of 74 days on market in Nov 2024, up by 97.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 6 homes were sold in Leroy Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
