Is Leroy, MI 49655 a buyer’s or seller’s market?
Leroy is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Leroy housing market right now
In the three months ending August 31, 2026, 50% of homes in Leroy, MI 49655 sold above their list price, the typical home went under contract in 36 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold more slowly (22 days then) and the median sale price rose 1% to $212,408. Overall, Leroy is more competitive than a year ago, so tougher for buyers.
Within Osceola County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Sears 49679 (0% sold over asking) or Marion 49665 (23% sold over asking).
Run the numbers for 49655
Nearby markets
Evart 49631Seller’s market $148 /sq ftHersey 49639Seller’s market $160 /sq ftMarion 49665Balanced $152 /sq ftReed City 49677Seller’s market $126 /sq ft Browse all markets →Towns like Leroy nearby
Find towns like Leroy in other states →Where Leroy is
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Questions about Leroy real estate
Is Leroy a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Leroy, MI 49655 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 Leroy?
The typical home went under contract in 36 days in the latest three months.
Do homes in Leroy sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Leroy?
About 1.02% of a home’s value a year in Osceola County, or roughly $4,080 on a $400,000 home.
What is the median home price in Leroy?
The median sale price was $212,408 in the three months ending August 31, 2026, about $151 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