$14,000
0.68 Acres
Land
Dan O'Hare, Listing Office: Real Estate One Indian River
Is Indian River, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Indian River has remained a Seller's Market.
Key Takeaway
Indian River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian River, MI
How much do homes in Indian River, MI cost?
Median Sold Price
$362,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,500(+7.2%)
Key Takeaway
Homes in Indian River have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Indian River was $362,500 in October 2024, up 7.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $184.5K | -48.8% |
| 2 Bedrooms | $270K | $166.5K | -38.3% |
| 3 Bedrooms | $337K | $335K | -0.6% |
| 4 Bedrooms | $339K | $671.5K | +98.1% |
| 5+ Bedrooms | $668K | $390K | -41.6% |
Summary: Indian River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes decreased by 38.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 98.1%, and 5+ bedroom homes decreased by 41.6%.
Median Sold Price Compared To Nearby Cities
| Tuscarora Township | $325K | $465K | +43.1% |
| Indian River | $338K | $362.5K | +7.2% |
Housing Supply in Indian River, MI
How many homes are available in Indian River, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Indian River real estate market had 44 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Indian River housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Indian River in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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.