Is Ionia County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Ionia County, MI
How much do homes in Ionia County, MI cost?
Median Sold Price
$219,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ionia County have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Ionia County was $219,000 in March 2024, up 12.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.5K | $155K | +110.9% |
| 2 Bedrooms | $154.7K | $160K | +3.4% |
| 3 Bedrooms | $188.5K | $211K | +11.9% |
| 4 Bedrooms | $245K | $265K | +8.2% |
| 5+ Bedrooms | $270K | $290K | +7.4% |
Summary: Ionia County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Counties
| Ionia County | $195K | $219K | +12.3% |
| Montcalm County | $205.3K | $230K | +12.0% |
| Kent County | $296.3K | $319.8K | +7.9% |
| Barry County | $253.2K | $271.6K | +7.3% |
| Clinton County | $216.6K | $226.1K | +4.4% |
Housing Supply in Ionia County, MI
How many homes are available in Ionia County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 125 | 127 | +1.6% |
Summary: The Ionia County real estate market had 127 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 65 | 70 | +7.7% |
| 4 Bedrooms | 33 | 34 | +3.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Ionia County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 35 | -14.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ionia County, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Ionia County in March 2024, down by 14.6% month-over-month. Of the 35 sold homes, 43% were sold under asking, 9% were sold at asking, and 49% were sold over asking.
Days on Market for Ionia County, MI
How long does it take to sell a home in Ionia County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 35 Days | -14.0% |
Summary: Homes in Ionia County had an average of 35 days on market in Mar 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ionia County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in Ionia County; 77% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.