Is Indian Village Historic District, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Village Historic District is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Indian Village Historic District was a Buyer's Market.

Key Takeaway

Indian Village Historic District is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Indian Village Historic District, MI

How much do homes in Indian Village Historic District, MI cost?

Median Sold Price

$207,500

$94/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$402,500(-66.0%)

Key Takeaway

Homes in Indian Village Historic District have sold for 66% less than they did a month ago.

Summary: The median home sold price in Indian Village Historic District was $207,500 in November 2024, down 66% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$207.5K
N/A
4 --
N/A
5+ $610K-
N/A

Summary: Indian Village Historic District housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Indian Village Historic District
-66.0%
Gold Coast
-85.6%

Housing Supply in Indian Village Historic District, MI

How many homes are available in Indian Village Historic District, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The Indian Village Historic District real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 11
0.0%
5+ 64
-33.3%

Summary: The Indian Village Historic District 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

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 Indian Village Historic District, 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 Indian Village Historic District in November 2024, the same as the previous 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 Indian Village Historic District, MI

How long does it take to sell a home in Indian Village Historic District, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
64 Days52 Days-18.8%

Summary: Homes in Indian Village Historic District had an average of 52 days on market in Nov 2024, down by 18.8% compared to last month.

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 Indian Village Historic District has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Indian Village Historic District; 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 22 Days Ago

Newest Listings in Indian Village Historic District, MI

Nearby Markets to Indian Village Historic District, MI