Is Inland Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inland Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Inland Township was a Seller's Market.

Key Takeaway

Inland Township 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 Inland Township, MI

How much do homes in Inland Township, MI cost?

Median Sold Price

$350,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$50,000(-12.5%)

Key Takeaway

Homes in Inland Township have sold for 12.5% less than they did a year ago.

Summary: The median home sold price in Inland Township was $350,000 in November 2024, down 12.5% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $400K$323K
-19.3%
3 $350K$330K
-5.7%
4 $448K$436K
-2.7%
5+ $575K$285K
-50.4%

Summary: Inland Township 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 decreased by 19.3%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 50.4%.

Median Sold Price Compared To Nearby Cities

Interlochen
+3.8%
Green Lake Township
+1.3%
Almira Township
-1.3%
Long Lake Township
-5.4%
Inland Township
-12.5%

Housing Supply in Inland Township, MI

How many homes are available in Inland Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127-41.7%

Summary: The Inland Township real estate market had 7 homes for sale in November 2024, a 41.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 31
-66.7%
4 65
-16.7%
5+ 11
0.0%

Summary: The Inland Township 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 decreased by 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inland Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Inland Township in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Inland Township, MI

How long does it take to sell a home in Inland Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days23 Days-58.0%

Summary: Homes in Inland Township had an average of 23 days on market in Nov 2024, down by 58% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Inland Township; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in Inland Township, MI

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