Leonard, MI Foreclosures
How much do homes sell for in Leonard, MI?
The average home price is currently $519,580.
In Leonard, MI, how many homes are available?
There are currently 200 active home listings available in Leonard.
What’s the average rental cost in Leonard, MI?
The average rental price in Leonard is $2,161.
What is the most expensive home in Leonard?
The most expensive home sold in Leonard had a price of $4,788,000.
What is currently the cheapest priced home in Leonard, MI?
The cheapest home for sale in Leonard is priced at $28,240.
Living in Leonard, MI
Leonard, Michigan, is a charming small village known for its picturesque landscapes and friendly community. Nestled in Oakland County, it offers a peaceful rural atmosphere while being conveniently located near larger urban centers like Rochester and Lake Orion. Residents enjoy a mix of outdoor recreational activities, local events, and a tight-knit community spirit.
Current Market Conditions in Leonard, MI
The real estate market in Leonard is relatively stable, characterized by a mix of affordable housing and a few high-end properties. The demand for homes has remained consistent, with new families moving in and some locals looking to upgrade their living situations. Current listings reflect a range of prices, making it possible for diverse buyers to find suitable options in this picturesque village.
Recently, the market has seen a slight increase in home prices, primarily due to the area's growing popularity among people seeking a peaceful community lifestyle. Sales have been steady, with homes selling close to their listing prices. The area is experiencing an uptick in renovations, as buyers are willing to invest in properties that require some updates.
Leonard's attractiveness as a residential area is expected to maintain its momentum, sustaining its market stability in the foreseeable future.
Home Value Estimator For Leonard, MI
There are currently 1,726 real estate properties
in Leonard, MI,
with a median automated valuation model (AVM) price
of $486,542.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Leonard, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Leonard, MI,
is $519,580.00, with the most expensive house
in Leonard, MI, topping out
at $4,788,000.00 and the cheapest home
in Leonard, MI,
clocking in at $28,240.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Leonard, MI!
Rent Prices
In Leonard, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Leonard, MI, is on
a rollercoaster ride. The
average rent price in Leonard, MI,
is $2,161.00. Indeed, when looking to rent in
Leonard, MI, you can expect to pay as little
as $850.00 or as much
as $4,300.00,
with the average rent median estimated to
be $2,110.00. The good news is that finding
an affordable and desirable property to rent in Leonard, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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