$34,000
Land
Terri A. Vizina, Listing Office: COLDWELL BANKER SCHMIDT 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 November 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
$335,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$25,000(-6.9%)
Key Takeaway
Homes in Indian River have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Indian River was $335,000 in November 2024, down 6.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $165K | -54.2% |
| 2 Bedrooms | $332.5K | $175K | -47.4% |
| 3 Bedrooms | $391K | $332.2K | -15.0% |
| 4 Bedrooms | $339K | $749K | +120.9% |
| 5+ Bedrooms | $668K | $390K | -41.6% |
Summary: Indian River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes decreased by 47.4%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 120.9%, and 5+ bedroom homes decreased by 41.6%.
Median Sold Price Compared To Nearby Cities
| Tuscarora Township | $344.5K | $446.5K | +29.6% |
| Indian River | $360K | $335K | -6.9% |
Housing Supply in Indian River, MI
How many homes are available in Indian River, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The Indian River real estate market had 32 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Indian River housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Indian River, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Indian River in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information 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 about said listings includes the listing office information. 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 NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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.