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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ionia County is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Ionia County, MI cost?

Median Sold Price

$188,500

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$13,500(+7.7%)

Key Takeaway

Homes in Ionia County have sold for 7.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $110K$73.5K
-33.2%
2 $137.5K$141K
+2.5%
3 $170.6K$187.5K
+9.9%
4 $220K$223.7K
+1.7%
5+ $227.5K$235K
+3.3%

Median Sold Price Compared To Nearby Counties

Barry County
+11.9%
Kent County
+11.8%
Montcalm County
+11.5%
Ionia County
+7.7%
Clinton County
+5.5%

How many homes are available in Ionia County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
2402400.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 46
+50.0%
2 3439
+14.7%
3 125114
-8.8%
4 6063
+5.0%
5+ 1718
+5.9%

Number of Homes Sold

Jul 2022Aug 2022%
6659-10.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ionia County, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
10 Days9 Days-6.0%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ionia 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 Ionia County, MI

Ionia County, MI has 240 homes for sale to choose from. The median list price of listings available in August 2022 was $188,500, while the average time on the real estate market was 9 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went down by 33.2%, the cost of 2 bedrooms properties went up by 2.5%, prices of 3 bedrooms properties went up by 9.9%, the cost of 4 bedrooms properties went up by 1.7%, 5 bedrooms properties prices increased by 3.3%. Housing inventory have changed in this real estate market: 1 bedroom homes became 50% more available, 2 bedrooms homes became 14.7% more available, number of 3 bedrooms homes decreased by 8.8%, 4 bedrooms homes became 5% more available, 5 bedrooms homes inventory increased by 5.9%. Over 27 listings were sold over their listed price in August 2022 in Ionia County, MI. In the same period over 24 listings were sold below the listed price and 8 listings were sold for the listed price.

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