Is Ingersoll Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ingersoll Township has remained a Seller's Market.
Key Takeaway
Ingersoll Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ingersoll Township, MI
How much do homes in Ingersoll Township, MI cost?
Median Sold Price
$240,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ingersoll Township have sold for 31.5% more than they did a year ago.
Summary: The median home sold price in Ingersoll Township was $240,000 in May 2024, up 31.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $190K | N/A |
| 3 Bedrooms | $180K | $212K | +17.8% |
| 4 Bedrooms | $206.5K | $419.4K | +103.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ingersoll Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 103.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ingersoll Township | $182.4K | $240K | +31.5% |
| Midland Charter Township | $200K | $236K | +18.0% |
| Tittabawassee Township | $306K | $295K | -3.6% |
| Freeland | $300K | $276.5K | -7.8% |
Housing Supply in Ingersoll Township, MI
How many homes are available in Ingersoll Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Ingersoll Township real estate market had 10 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ingersoll Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ingersoll Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Ingersoll Township in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Ingersoll Township, MI
How long does it take to sell a home in Ingersoll Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 81 Days | 9 Days | -88.4% |
Summary: Homes in Ingersoll Township had an average of 9 days on market in May 2024, down by 88.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ingersoll Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Ingersoll Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
