Is Ida Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ida Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Ida Township has remained a Seller's Market.

Key Takeaway

Ida Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ida Township, MI

How much do homes in Ida Township, MI cost?

Median Sold Price

$259,900

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,900(+15.5%)

Key Takeaway

Homes in Ida Township have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Ida Township was $259,900 in February 2024, up 15.5% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $165K$179K
+8.5%
3 $215K$251K
+16.7%
4 $435.5K$300K
-31.1%
5+ $160.9K$925K
+474.7%

Summary: Ida Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 31.1%, and 5+ bedroom homes increased by 474.7%.

Median Sold Price Compared To Nearby Cities

Ida
+18.9%
Ida Township
+15.5%
Raisinville Township
+7.4%
Dundee Township
-1.7%
Temperance
-1.9%

Housing Supply in Ida Township, MI

How many homes are available in Ida Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
10100.0%

Summary: The Ida Township real estate market had 10 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 54
-20.0%
4 33
0.0%
5+ 22
0.0%

Summary: The Ida Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ida Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Ida Township in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ida Township, MI

How long does it take to sell a home in Ida Township, MI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ida Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Ida Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Ida Township, MI

Nearby Markets to Ida Township, MI

What housing markets are near Ida Township, MI?