Is Indian River, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Indian River was a Seller's Market.
Key Takeaway
Indian River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indian River, MI
How much do homes in Indian River, MI cost?
Median Sold Price
$339,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indian River have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in Indian River was $339,000 in March 2024, up 26.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | $360K | +100.1% |
| 2 Bedrooms | $215.2K | $249.5K | +15.9% |
| 3 Bedrooms | $265K | $335K | +26.4% |
| 4 Bedrooms | $291.5K | $350K | +20.1% |
| 5+ Bedrooms | $535K | $668K | +24.9% |
Summary: Indian River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.1%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Cities
| Indian River | $267.5K | $339K | +26.7% |
| Tuscarora Township | $269.9K | $339K | +25.6% |
Housing Supply in Indian River, MI
How many homes are available in Indian River, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Indian River real estate market had 34 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Indian River housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Indian River in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Indian River, MI
We’re sorry, we don't have information for this market at the moment
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