Is Indian River, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Indian River was a Buyer's Market.
Housing Prices in Indian River, MI
How much do homes in Indian River, MI cost?
Median Sold Price
$345,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Indian River was $345,000 in April 2024, up 27.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.9K | $360K | +100.1% |
2 Bedrooms | $215.2K | $242K | +12.4% |
3 Bedrooms | $265K | $335K | +26.4% |
4 Bedrooms | $299K | $485K | +62.2% |
5+ Bedrooms | $535K | $668K | +24.9% |
Summary: Indian River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.1%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 62.2%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Cities
Tuscarora Township | $269.9K | $350K | +29.7% |
Indian River | $270K | $345K | +27.8% |
Housing Supply in Indian River, MI
How many homes are available in Indian River, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Summary: The Indian River real estate market had 34 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Indian River 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 25%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Indian River in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Indian River, MI
We’re sorry, we don't have information for this market at the moment