Is Inkster, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inkster is a seller's market

Buyer's
Market

Difference Since November 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

$112,000

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+21.7%)

Key Takeaway

Homes in Inkster have sold for 21.7% more than they did a year ago.

Summary: The median home sold price in Inkster was $112,000 in November 2024, up 21.7% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $60K$78K
+30.0%
3 $101K$115K
+13.9%
4 $104K$127K
+22.1%
5+ $145K$165.2K
+14.0%

Summary: Inkster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Cities

Inkster
+21.7%
Dearborn Heights
+10.8%
Garden City
+9.4%
Westland
+9.1%

Housing Supply in Inkster, MI

How many homes are available in Inkster, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76760.0%

Summary: The Inkster real estate market had 76 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 510
+100.0%
3 6661
-7.6%
4 43
-25.0%
5+ 12
+100.0%

Summary: The Inkster 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 increased by 100%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inkster, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Inkster in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% 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

Nov 2023Nov 2024CHANGE
18 Days22 Days+21.1%

Summary: Homes in Inkster had an average of 22 days on market in Nov 2024, up by 21.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Inkster are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in Inkster; 61% of homes were sold within 30 days, 39% 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 17 Days Ago

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