Is Indian River, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Indian River has remained a Seller's Market.
Housing Prices in Indian River, MI
How much do homes in Indian River, MI cost?
Median Sold Price
$350,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Indian River was $350,000 in May 2024, up 29.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269.9K | $304K | +12.6% |
2 Bedrooms | $238.7K | $242K | +1.4% |
3 Bedrooms | $265K | $335K | +26.4% |
4 Bedrooms | $299K | $501K | +67.6% |
5+ Bedrooms | - | $529K | N/A |
Summary: Indian River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 67.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Tuscarora Township | $270K | $374.2K | +38.6% |
Indian River | $270K | $350K | +29.6% |
Housing Supply in Indian River, MI
How many homes are available in Indian River, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The Indian River real estate market had 41 homes for sale in May 2024, a 20.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Indian River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Indian River in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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