Is Indian Village, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Indian Village has remained a Buyer's Market.
Housing Prices in Indian Village, MI
How much do homes in Indian Village, MI cost?
Median Sold Price
$139,900
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Indian Village was $139,900 in April 2024, down 38.2% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59K | $57K | -3.4% |
2 Bedrooms | $184K | $129.7K | -29.5% |
3 Bedrooms | $287.5K | $240K | -16.5% |
4 Bedrooms | $333.5K | $555K | +66.4% |
5+ Bedrooms | $550K | $600K | +9.1% |
Summary: Indian Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 29.5%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 66.4%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Neighborhoods
West Village | $404.5K | $384.9K | -4.8% |
Gold Coast | $135K | $86K | -36.3% |
Indian Village | $226.2K | $139.9K | -38.2% |
Butzel | $200K | $113.7K | -43.1% |
Housing Supply in Indian Village, MI
How many homes are available in Indian Village, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Summary: The Indian Village real estate market had 32 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Indian Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Indian Village in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Indian Village, MI
How long does it take to sell a home in Indian Village, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
277 Days | 107 Days | -61.3% |
Summary: Homes in Indian Village had an average of 107 days on market in Apr 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Indian Village; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.