Is Ionia Township, 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 Township has remained a Seller's Market.
Housing Prices in Ionia Township, MI
How much do homes in Ionia Township, MI cost?
Median Sold Price
$190,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ionia Township was $190,000 in March 2024, up 6.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71.7K | $137.5K | +91.6% |
2 Bedrooms | $136.2K | $145K | +6.4% |
3 Bedrooms | $175K | $185K | +5.7% |
4 Bedrooms | $256K | $211K | -17.6% |
5+ Bedrooms | $207K | $226.4K | +9.4% |
Summary: Ionia Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.6%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Lyons | $136K | $178.4K | +31.2% |
Lyons Township | $161.5K | $202.5K | +25.4% |
Ionia | $175K | $189.9K | +8.5% |
Ionia Township | $178.9K | $190K | +6.2% |
Housing Supply in Ionia Township, MI
How many homes are available in Ionia Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 40 | -2.4% |
Summary: The Ionia Township real estate market had 40 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Ionia Township 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 50%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Ionia Township in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Ionia Township, MI
How long does it take to sell a home in Ionia Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 38 Days | -33.1% |
Summary: Homes in Ionia Township had an average of 38 days on market in Mar 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Ionia Township; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.