Is Island View, 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, Island View has remained a Buyer's Market.
Key Takeaway
Island View is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Island View, MI
How much do homes in Island View, MI cost?
Median Sold Price
$83,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Island View have sold for 47.8% less than they did a year ago.
Summary: The median home sold price in Island View was $83,000 in April 2024, down 47.8% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $138K | -8.0% |
| 2 Bedrooms | $204.5K | $142.5K | -30.3% |
| 3 Bedrooms | $200K | $55K | -72.5% |
| 4 Bedrooms | $175K | $65K | -62.9% |
| 5+ Bedrooms | $65K | $127K | +95.4% |
Summary: Island View housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 30.3%, 3 bedroom homes decreased by 72.5%, 4 bedroom homes decreased by 62.9%, and 5+ bedroom homes increased by 95.4%.
Median Sold Price Compared To Nearby Neighborhoods
| West Village | $404.5K | $384.9K | -4.8% |
| Gold Coast | $135K | $86K | -36.3% |
| Indian Village | $226.2K | $139.9K | -38.2% |
| Butzel | $200K | $113.7K | -43.1% |
| Island View | $159K | $83K | -47.8% |
Housing Supply in Island View, MI
How many homes are available in Island View, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Summary: The Island View real estate market had 31 homes for sale in April 2024, a 34.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 9 | +125.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Island View housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Island View, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Island View in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Island View, MI
How long does it take to sell a home in Island View, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Island View are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Island View; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
