Is Ionia, 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, Ionia has remained a Seller's Market.
Key Takeaway
Ionia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ionia, MI
How much do homes in Ionia, MI cost?
Median Sold Price
$192,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ionia have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Ionia was $192,000 in April 2024, up 9.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $156.5K | +123.6% |
| 2 Bedrooms | $142.5K | $145K | +1.8% |
| 3 Bedrooms | $175K | $192.5K | +10.0% |
| 4 Bedrooms | $225K | $217.7K | -3.2% |
| 5+ Bedrooms | $189.9K | $227.5K | +19.8% |
Summary: Ionia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Ionia | $176K | $192K | +9.1% |
| Ionia Township | $180K | $195K | +8.3% |
| Easton Township | $222.5K | $224.5K | +0.9% |
| Berlin Township | $260K | $253K | -2.7% |
Housing Supply in Ionia, MI
How many homes are available in Ionia, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The Ionia real estate market had 45 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Ionia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ionia, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Ionia in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for Ionia, MI
How long does it take to sell a home in Ionia, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 16 Days | +317.6% |
Summary: Homes in Ionia had an average of 16 days on market in Apr 2024, up by 317.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ionia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Ionia; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
