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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ida Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ida Township was a Seller's Market.

Key Takeaway

Ida Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ida Township, MI

How much do homes in Ida Township, MI cost?

Median Sold Price

$267,250

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,250(+5.6%)

Key Takeaway

Homes in Ida Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Ida Township was $267,250 in November 2024, up 5.6% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $165K$228.5K
+38.5%
3 $250K$240K
-4.0%
4 $315.3K$332.5K
+5.4%
5+ $925K$358.3K
-61.3%

Summary: Ida Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 61.3%.

Median Sold Price Compared To Nearby Cities

Ida Township
+5.6%
Temperance
+3.1%
Dundee Township
-7.6%

Housing Supply in Ida Township, MI

How many homes are available in Ida Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The Ida Township real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 54
-20.0%
5+ 32
-33.3%

Summary: The Ida Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ida Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Ida Township in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ida Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days40 Days-15.3%

Summary: Homes in Ida Township had an average of 40 days on market in Nov 2024, down by 15.3% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Ida Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Ida Township; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in Ida Township, MI

Nearby Markets to Ida Township, MI

What housing markets are near Ida Township, MI?