Leonard Real Estate
6 active listings · 53 sold in the past 12mo
$737,400
Median List Price
53
Sold (past 12mo)
84
Avg Days on Market
-10.0%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(6)
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For Sale
1/14
$2,287,000
000 Knights Bridge-2.02 Acres-NEW BUILD Road, Leonard, MI 48367
4 bd4 ba3,610 sqft2.02 ac
Single Family
For Sale
1/81
$2,200,000
781 Windy Fields Court, Leonard, MI 48367
4 bd6 ba7,722 sqft4.07 ac
Single Family
For Sale
1/4
$839,900
4742 Rosy Drive, Leonard, MI 48367
4 bd2 ba1.53 ac
Single Family
For Sale
1/44
$634,900
4912 Rosy Drive, Leonard, MI 48367
3 bd3 ba2,543 sqft1.02 ac
Single Family
For Sale
1/65
$599,999
940 Rowland Road, Leonard, MI 48367
4 bd3 ba2,683 sqft7.43 ac
Single Family
For Sale
1/40
$499,900
2356 Rochester Road, Leonard, MI 48367
3 bd3 ba1,973 sqft2.50 ac
Single Family
Recently Sold(53)
Frequently Asked Questions about Leonard
Are there homes available in Leonard right now?
Leonard currently has 6 homes listed for sale. The median asking price is $737,400.
What is the median home price in Leonard?
The median sale price in Leonard is $737,400, based on 53 closed sales over the past 12 months.
How fast do homes sell in Leonard?
Homes in Leonard sell in an average of 84 days, based on 53 sales over the past 12 months.
What school districts serve Leonard?
Multiple school districts may serve Leonard. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Leonard a buyer's or seller's market?
Leonard is currently a seller's market, with 1.4 months of supply. That ratio comes from 6 active listings relative to 53 sales per year.
How are property taxes calculated in Leonard?
Property taxes in Leonard are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Leonard?
Based on Census Bureau ACS data, Leonard shows a -10.0% Household Formation Gap. Despite household size decreasing from 2.38 to 2.85, the 7.8% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.