Is Leonard, MI 48367 a buyer’s or seller’s market?
Leonard is a seller’s market. With about 2.2 months of supply and 23% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 79% of U.S. ZIP codes, and #170 of 506 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Leonard housing market right now
In the three months ending August 31, 2026, 23% of homes in Leonard, MI 48367 sold above their list price, the typical home went under contract in 21 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold faster (27 days then) and the median sale price rose 15% to $614,734. Overall, Leonard is less competitive than a year ago, which gives buyers more room.
Within Oakland County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 96%.
Nearby, buyers who want less competition could look at Oxford 48370 (0% sold over asking) or Southfield 48034 (16% sold over asking), while Huntington Woods 48070 (74% sold over asking) and Pleasant Ridge 48069 (54% sold over asking) are even more competitive.
Run the numbers for 48367
Nearby markets
Auburn Hills 48326Seller’s market $187 /sq ftBerkley 48072Seller’s market $227 /sq ftBirmingham 48009Seller’s market $377 /sq ftBloomfield Hills 48301Seller’s market $271 /sq ft Browse all markets →Towns like Leonard nearby
Find towns like Leonard in other states →Where Leonard is
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Questions about Leonard real estate
Is Leonard a buyer’s or seller’s market?
A seller’s market: there were 2.2 months of supply in Leonard, MI 48367 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Leonard?
The typical home went under contract in 21 days in the latest three months.
Do homes in Leonard sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Leonard?
About 1.27% of a home’s value a year in Oakland County, or roughly $5,080 on a $400,000 home.
What is the median home price in Leonard?
The median sale price was $614,734 in the three months ending August 31, 2026, about $192 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology