$1,247 Closing Credit*
$105,000
987 SqFt
2 Beds
•1 Full Bath
Muffy Kroha, Listing Office: Max Broock, REALTORS®-Detroit
Is Indian Village, 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 Village has remained a Buyer's Market.
Key Takeaway
Indian Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indian Village, MI
How much do homes in Indian Village, MI cost?
Median Sold Price
$185,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+13.1%)
Key Takeaway
Homes in Indian Village have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Indian Village was $185,000 in October 2024, up 13.1% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.2K | $60.5K | +3.9% |
| 2 Bedrooms | $129.4K | $129.9K | 0.4% |
| 3 Bedrooms | - | $300K | N/A |
| 4 Bedrooms | $216.5K | $510K | +135.6% |
| 5+ Bedrooms | $590K | $560K | -5.1% |
Summary: Indian Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 135.6%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Village Historic District | $460K | $555K | +20.7% |
| Indian Village | $163.5K | $185K | +13.1% |
| Butzel | $175.7K | $130K | -26.0% |
Housing Supply in Indian Village, MI
How many homes are available in Indian Village, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 51 | +21.4% |
Summary: The Indian Village real estate market had 51 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Indian Village 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 increased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Village, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Indian Village in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Indian Village, MI
How long does it take to sell a home in Indian Village, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 56 Days | +707.1% |
Summary: Homes in Indian Village had an average of 56 days on market in Oct 2024, up by 707.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indian Village has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Indian Village; 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.