Is Ingham County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ingham County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Ingham County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Ingham County, MI cost?

Median Sold Price

$176,146

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$10,518(+6.4%)

Key Takeaway

Homes in Ingham County have sold for 6.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $67K$85K
+26.9%
2 $103.3K$112.2K
+8.7%
3 $161.1K$174K
+8.0%
4 $250K$283.3K
+13.3%
5+ $380K$400K
+5.3%

Median Sold Price Compared To Nearby Counties

Shiawassee County
+11.2%
Eaton County
+6.5%
Ingham County
+6.4%
Jackson County
+5.6%
Clinton County
+5.5%

How many homes are available in Ingham County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
1,1431,202+5.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 1720
+17.6%
2 215239
+11.2%
3 573575
0.3%
4 264289
+9.5%
5+ 7479
+6.8%

Number of Homes Sold

Jul 2022Aug 2022%
361319-11.6%

Asking Price vs. Sold Price

98 Homes Were Sold
Under Asking

74 Homes Were Sold
At Asking

147 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ingham County, you could pay more than the asking price. 46.1% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
39 Days23 Days-41.1%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Ingham County, MI

Homes for sale in Ingham County, MI have reached 1,202. In August 2022 in Ingham County, MI there were 5.2% more homes for sale than in July 2022. In August 2022, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $176,146. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 26.9%, the cost of 2 bedrooms properties went up by 8.7%, prices of 3 bedrooms properties went up by 8%, 4 bedrooms properties prices increased by 13.3%, prices of 5 bedrooms properties increased by 5.3%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 17.6%, number of 2 bedrooms homes increased by 11.2%, 3 bedrooms homes inventory increased by 0.3%, 4 bedrooms homes became 9.5% more available, number of 5 bedrooms homes increased by 6.8%. Over 147 listings were sold over their listed price in August 2022 in Ingham County, MI. In the same period over 98 listings were sold below the listed price and 74 listings were sold for the listed price.

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