Leroy Township Housing Market Report February 2025Calhoun County, Michigan

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Housing Prices in Leroy Township, MI

How much do homes in Leroy Township, MI cost?

Housing Market Conditions

Is Leroy Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Leroy Township is a Buyer's Market

Difference Since February 2024

At the same time last year, Leroy Township was a Seller's Market.

Insight

Leroy Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$200,000$143/SqFt
-$61,250
-23.4%

Based on all homes sold in the last 12 months

Insight

Homes in Leroy Township have sold for 23.4% less than they did a year ago.

Summary: The median home sold price in Leroy Township was $200,000 in February 2025, down 23.4% from last year, and the median price per square foot was $143.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Emmett Charter Township
+4.1%
Leroy Township
-23.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$123K$76.6K
-37.7%
2$155K$190K
+22.6%
3$272K$212.5K
-21.9%
4$314.9K$317.7K
+0.9%
5$517K$449.2K
-13.1%

Summary: Leroy Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -37.7%. The home price for 2 bedroom homes increased by +22.6%. The home price for 3 bedroom homes decreased by -21.9%. The home price for 4 bedroom homes increased by +0.9%. The home price for 5 bedroom homes decreased by -13.1%.

Housing supply in Leroy Township, MI

How many homes are available in Leroy Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
20Last MonthFeb 2025
212 months agoJan 2025
-4.8 %
Change MoMJan – Feb

Summary: The Leroy Township real estate market had 20 homes for sale in Feb 2025, a 4.8 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthFeb 2025
72 months agoJan 2025
-85.7 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
123
+50.0%
245
+25.0%
3118
-27.3%
432
-33.3%
512
+100.0%

Summary: Leroy Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes decreased by -27.3%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Leroy Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Leroy Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Leroy Township in February 2025, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Leroy Township, MI

How long does it take to sell a home in Leroy Township, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Leroy Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 1 homes were sold in Leroy Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
4 DaysThis YearFeb 2025
27 Days1 year agoFeb 2024
-85.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Leroy Township had an average listing age of 4 days in Feb 2025, down by 85.6% compared to the previous year.

Newest Listings in Leroy Township, MI

What homes are available in Leroy Township, MI?

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Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, Northern Great Lakes Realtors MLS, Northern Michigan MLS, and Greater Lansing MLS for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/9/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. 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. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/9/2025, 9:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/9/2025, 9:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/9/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.