$1,543 Closing Credit*
$129,900
962 SqFt
3 Beds
•1 Full Bath
John Graham, Listing Office: John Graham Realty, LLC
Is Inkster, 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, Inkster has remained a Seller's Market.
Key Takeaway
Inkster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inkster, MI
How much do homes in Inkster, MI cost?
Median Sold Price
$110,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,333(+21.3%)
Key Takeaway
Homes in Inkster have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Inkster was $110,000 in October 2024, up 21.3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $75K | +25.0% |
| 3 Bedrooms | $100K | $115K | +15.0% |
| 4 Bedrooms | $111.9K | $128.5K | +14.8% |
| 5+ Bedrooms | $130K | $180.5K | +38.8% |
Summary: Inkster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Cities
| Inkster | $90.6K | $110K | +21.3% |
| Dearborn Heights | $181.3K | $205K | +13.0% |
| Garden City | $182.9K | $200K | +9.3% |
| Westland | $194.8K | $210K | +7.8% |
Housing Supply in Inkster, MI
How many homes are available in Inkster, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 74 | +12.1% |
Summary: The Inkster real estate market had 74 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 55 | 61 | +10.9% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Inkster 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 40%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inkster, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Inkster in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Inkster, MI
How long does it take to sell a home in Inkster, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -34.7% |
Summary: Homes in Inkster had an average of 15 days on market in Oct 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inkster are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Inkster; 85% of homes were sold within 30 days, 15% 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.