Leonard, MI Foreclosures
Current Market Conditions in in Leonard, MI As of February 2026?
Over the past month, Leonard's real estate market has experienced a notable uptick in activity. Buyer interest has surged, exacerbating the existing low inventory and leading to a faster turnover of homes. Properties that are well-priced and presented are being sold within days of listing, showcasing the competitiveness of the market. Sellers are achieving favorable outcomes, with homes often selling at or above the list price. The trend suggests that the appeal of Leonard is on the rise as more individuals seek suburban living with easy access to urban conveniences.
How much do homes sell for in Leonard, MI?
The average home price is currently $521,668.
In Leonard, MI, how many homes are available?
There are currently 3 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 $4,949,100.
What is currently the cheapest priced home in Leonard, MI?
The cheapest home for sale in Leonard is priced at $18,825.
Living in Leonard, MI
Leonard is a quaint village located in Oakland County, Michigan. Known for its scenic beauty and a close-knit community, Leonard offers residents a peaceful lifestyle with access to outdoor activities. The village is nestled near several parks and natural reserves, making it an ideal place for nature lovers.
Buyer vs Seller Market in Leonard, MI
The real estate market in Leonard, MI, has seen steady growth over recent months. Home values are on the rise, driven by an influx of buyers seeking tranquility away from bustling urban areas. Properties in the village are selling quickly, often above asking prices, suggesting a competitive market with low inventory. As the demand for homes increases, sellers are gaining favorable conditions, creating opportunities for investments.
According to recent trends, the market has become increasingly attractive to first-time buyers and families looking for affordable housing options. The community's amenities and outdoor recreational opportunities appeal to many, contributing to the area's growing popularity. Additionally, the proximity to major employment hubs in Oakland County enhances the desirability of Leonard as a residential choice.
Home Value Estimator For Leonard, MI
There are currently 1,831 real estate properties
in Leonard, MI,
with a median automated valuation model (AVM) price
of $487,462.00. 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 $521,668.00, with the most expensive house
in Leonard, MI, topping out
at $4,949,100.00 and the cheapest home
in Leonard, MI,
clocking in at $18,825.00. 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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