Is Ionia County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ionia County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Ionia County has remained a Seller's Market.

Key Takeaway

Ionia County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ionia County, MI

How much do homes in Ionia County, MI cost?

Median Sold Price

$224,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,000(+4.2%)

Key Takeaway

Homes in Ionia County have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Ionia County was $224,000 in November 2024, up 4.2% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$155K
+19.2%
2 $169.5K$165K
-2.7%
3 $205K$220K
+7.3%
4 $271.4K$269.7K
-0.6%
5+ $229.9K$309.9K
+34.8%

Summary: Ionia County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 34.8%.

Median Sold Price Compared To Nearby Counties

Barry County
+9.0%
Kent County
+6.4%
Ionia County
+4.2%
Clinton County
+2.9%
Montcalm County
+2.2%

Housing Supply in Ionia County, MI

How many homes are available in Ionia County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
181161-11.0%

Summary: The Ionia County real estate market had 161 homes for sale in November 2024, a 11.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2426
+8.3%
3 8871
-19.3%
4 5553
-3.6%
5+ 1210
-16.7%

Summary: The Ionia County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4845-6.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ionia County, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Ionia County in November 2024, down by 6.3% month-over-month. Of the 45 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.

Days on Market for Ionia County, MI

How long does it take to sell a home in Ionia County, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days32 Days+121.8%

Summary: Homes in Ionia County had an average of 32 days on market in Nov 2024, up by 121.8% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 45 homes were sold in Ionia County; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 21 Days Ago

Newest Listings in Ionia County, MI

Nearby Markets to Ionia County, MI

What housing markets are near Ionia County, MI?