Is Ingham County, 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, Ingham County has remained a Seller's Market.
Key Takeaway
Ingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ingham County, MI
How much do homes in Ingham County, MI cost?
Median Sold Price
$190,646
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ingham County have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Ingham County was $190,646 in April 2024, up 3.1% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.2K | $93K | +10.4% |
| 2 Bedrooms | $119.9K | $127K | +5.9% |
| 3 Bedrooms | $180K | $189.4K | +5.3% |
| 4 Bedrooms | $290.8K | $305.9K | +5.2% |
| 5+ Bedrooms | $394.3K | $491K | +24.5% |
Summary: Ingham County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Counties
| Eaton County | $209.7K | $239.6K | +14.2% |
| Jackson County | $180K | $199.9K | +11.1% |
| Clinton County | $216.4K | $226.7K | +4.7% |
| Ingham County | $184.8K | $190.6K | +3.1% |
| Shiawassee County | $175K | $177.1K | +1.2% |
Housing Supply in Ingham County, MI
How many homes are available in Ingham County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 742 | 801 | +8.0% |
Summary: The Ingham County real estate market had 801 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 18 | -5.3% |
| 2 Bedrooms | 152 | 164 | +7.9% |
| 3 Bedrooms | 352 | 364 | +3.4% |
| 4 Bedrooms | 163 | 197 | +20.9% |
| 5+ Bedrooms | 56 | 58 | +3.6% |
Summary: The Ingham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 226 | 242 | +7.1% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ingham County, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 242 homes were sold or pending in Ingham County in April 2024, up by 7.1% month-over-month. Of the 242 sold homes, 36% were sold under asking, 19% were sold at asking, and 45% were sold over asking.
Days on Market for Ingham County, MI
How long does it take to sell a home in Ingham County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +14.4% |
Summary: Homes in Ingham County had an average of 33 days on market in Apr 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
168 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ingham County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 242 homes were sold in Ingham County; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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