$49,900
1.72 Acres
Land
Thornton Realty Team, Listing Office: Coldwell Banker Professionals-Okemos
Is Ingham County, 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, Ingham County has remained a Seller's Market.
Key Takeaway
Ingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ingham County, MI
How much do homes in Ingham County, MI cost?
Median Sold Price
$200,089
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,022(+7.0%)
Key Takeaway
Homes in Ingham County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Ingham County was $200,089 in November 2024, up 7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | $93K | +2.2% |
| 2 Bedrooms | $123.6K | $134.6K | +8.8% |
| 3 Bedrooms | $186K | $194K | +4.3% |
| 4 Bedrooms | $295.7K | $307.5K | +4.0% |
| 5+ Bedrooms | $458.5K | $460K | 0.3% |
Summary: Ingham County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $192.3K | $210.2K | +9.3% |
| Eaton County | $229K | $250K | +9.2% |
| Ingham County | $187K | $200K | +7.0% |
| Clinton County | $224.4K | $230.9K | +2.9% |
| Shiawassee County | $179.9K | $182.5K | +1.4% |
Housing Supply in Ingham County, MI
How many homes are available in Ingham County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 878 | 858 | -2.3% |
Summary: The Ingham County real estate market had 858 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 22 | +15.8% |
| 2 Bedrooms | 194 | 184 | -5.2% |
| 3 Bedrooms | 401 | 403 | 0.5% |
| 4 Bedrooms | 196 | 185 | -5.6% |
| 5+ Bedrooms | 68 | 64 | -5.9% |
Summary: The Ingham County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 224 | 187 | -16.5% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ingham County, you may be able to get a good deal. 42.8% of homes here sold below asking price last month.
Summary: A total of 187 homes were sold or pending in Ingham County in November 2024, down by 16.5% month-over-month. Of the 187 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for Ingham County, MI
How long does it take to sell a home in Ingham County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 28 Days | -4.8% |
Summary: Homes in Ingham County had an average of 28 days on market in Nov 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
127 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ingham County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 187 homes were sold in Ingham County; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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.