$4,738 Closing Credit*
$399,000
2,268 SqFt
3 Beds
•2 Full Baths
Missy Koszegi, Listing Office: COLDWELL BANKER SCHMIDT CHEBOYGAN
Is Inverness Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Inverness Township was a Buyer's Market.
Key Takeaway
Inverness Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inverness Township, MI
How much do homes in Inverness Township, MI cost?
Median Sold Price
$174,000
$142/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$175,000(-50.1%)
Key Takeaway
Homes in Inverness Township have sold for 50.1% less than they did a month ago.
Summary: The median home sold price in Inverness Township was $174,000 in October 2024, down 50.1% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $349K | $173K | -50.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $175K | N/A |
Summary: Inverness Township housing prices by bedroom type for October 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 decreased by 50.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Inverness Township, MI
How many homes are available in Inverness Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Inverness Township real estate market had 9 homes for sale in October 2024, a 12.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Inverness Township 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inverness Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Inverness Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Inverness Township, MI
We’re sorry, we don't have information for this market at the moment
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