Is Ira Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ira Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Ira Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Ira Township, MI

How much do homes in Ira Township, MI cost?

Median Sold Price

$534,850

$260/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$110,850(+26.1%)

Key Takeaway

Homes in Ira Township have sold for 26.1% more than they did a month ago.

Summary: The median home sold price in Ira Township was $534,850 in February 2024, up 26.1% from last month, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $285K$534.8K
+87.7%
4 $729.5K-
N/A
5+ --
N/A

Summary: Ira Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 87.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ira Township
+26.1%
Fair Haven
+26.1%
Casco Township
+19.6%
Casco
+19.6%

Housing Supply in Ira Township, MI

How many homes are available in Ira Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1517+13.3%

Summary: The Ira Township real estate market had 17 homes for sale in February 2024, a 13.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1011
+10.0%
4 54
-20.0%
5+ 01
+100.0%

Summary: The Ira Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ira Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Ira Township in February 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Ira Township, MI

How long does it take to sell a home in Ira Township, MI?

Average Sale Time

Jan 2024Feb 2024CHANGE
130 Days23 Days-82.1%

Summary: Homes in Ira Township had an average of 23 days on market in Feb 2024, down by 82.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Ira Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings in Ira Township, MI

Nearby Markets to Ira Township, MI

What housing markets are near Ira Township, MI?