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Featured local agent — Leonard, MI
Sarah Mitchell
Compass Real Estate · Leonard, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Leonard, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$434,000median sale price
How is the Leonard, MI housing market right now?
The median home sale price in Leonard, MI is $434,000, up 96.2% year-over-year. Homes sell in an average of 75 days with 3 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Leonard a buyer's or seller's market?
Leonard, MI is currently a balanced market, based on 3.0 months of supply and homes selling in about 75 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
75
Average pace
Active listings
3
3.0 months supply
Sale-to-list
98.9%
Below asking
What does the Leonard housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $434,000 |
| Median list price | $444,900 |
| Year-over-year price change | +96.2% |
| Average days on market | 75 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $214/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Leonard by property type?
How the Leonard, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $434,000 | $214/sq ft | 1 | 75 days |
Source: Redfin · Updated monthly
The Leonard housing market is currently classified as a balanced market with a median sale price of $434,000. Prices have risen 96.2% compared to last year, with homes spending an average of 75 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.9x provides context for how home values compare to local earning capacity.
Homes for sale in Leonard
There are currently 3 homes listed for sale in Leonard, Michigan. The median listing price is $445K.
Active listings
3
Homes on market
Median list price
$445K
Avg. days on market
75
Days until sale
New this week
2
Newly listed
Who lives in Leonard?
Population
359
Median income
$91,250/yr
Median age
39.3 years
Owner-occupied
96.8%
College grads
38.3%
Avg commute
34.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Leonard?
Zillow home value
$535,876
Price-to-income
5.9x
Source: Zillow Research
What is it like to live in Leonard?
Leonard is a community of approximately 0K residents with a median age of 39.3 years.The median household income is $91,250, which reflects a relatively affluent area with strong earning potential. 38.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 96.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Leonard offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Leonard?
2 schools tracked · 765 students
The largest public schools serving Leonard, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
HamiltonParsons Elementary School
Grades K-5 · 502 students
Leonard Elementary School
Grades K-5 · 263 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Leonard, MI?
Want a head-to-head view? Compare Leonard side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Leonard?
The median home sale price in Leonard is $434,000, up 96.2% from last year.
How long do homes stay on market in Leonard?
Homes typically spend 75 days on market before going under contract.
What is the median income in Leonard?
The median household income is $91,250 per year.
Is Leonard a buyer's or seller's market?
With 3.0 months of supply, Leonard is currently a balanced market.
What is the Zillow home value estimate for Leonard?
The Zillow Home Value Index (ZHVI) for Leonard is $535,876, representing the typical home value in the area.
How much does a single-family home cost in Leonard?
The median single-family home price in Leonard, MI is $434,000 (about $214 per square foot).
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