Is Leland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Leland Township was a Neutral Market.
Housing Prices in Leland Township, MI
How much do homes in Leland Township, MI cost?
Median Sold Price
$615,500
$266/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Leland Township was $615,500 in May 2024, down 73.6% from last month, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $615.5K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $2.3M | - | N/A |
Summary: Leland Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Suttons Bay Township | $865K | $675K | -22.0% |
Centerville Township | $592.5K | $445K | -24.9% |
Lake Leelanau | $2.3M | $671K | -71.2% |
Leland Township | $2.3M | $615.5K | -73.6% |
Housing Supply in Leland Township, MI
How many homes are available in Leland Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Summary: The Leland Township real estate market had 17 homes for sale in May 2024, a 21.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Leland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Leland Township in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Leland Township, MI
How long does it take to sell a home in Leland Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 Days | 31 Days | -15.1% |
Summary: Homes in Leland Township had an average of 31 days on market in May 2024, down by 15.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Leland Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.