$3,918 Closing Credit*
$329,900
448 SqFt
1 Bed
•1 Full Bath
Gary B Bailey Sr, Listing Office: Crossroads Realty of Michigan
Is Leroy 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, 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
$222,500
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,500(-11.0%)
Key Takeaway
Homes in Leroy Township have sold for 11% less than they did a year ago.
Summary: The median home sold price in Leroy Township was $222,500 in October 2024, down 11% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $118.1K | -38.3% |
| 2 Bedrooms | $180K | $182.5K | +1.4% |
| 3 Bedrooms | $222.7K | $240K | +7.7% |
| 4 Bedrooms | $336.2K | $334K | -0.7% |
| 5+ Bedrooms | $517K | $598.4K | +15.7% |
Summary: Leroy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Emmett Charter Township | $212K | $233.9K | +10.4% |
| Leroy Township | $250K | $222.5K | -11.0% |
Housing Supply in Leroy Township, MI
How many homes are available in Leroy Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Leroy Township real estate market had 31 homes for sale in October 2024, a 3.1% decrease 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Leroy 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 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Leroy Township in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 96 Days | +473.1% |
Summary: Homes in Leroy Township had an average of 96 days on market in Oct 2024, up by 473.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leroy Township has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Leroy Township; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
