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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Irving Township is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Irving Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Irving Township, MI

How much do homes in Irving Township, MI cost?

Median Sold Price

$327,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,100(+2.2%)

Key Takeaway

Homes in Irving Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Irving Township was $327,000 in November 2024, up 2.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $307.5K$185K
-39.8%
3 $305K$343.2K
+12.5%
4 $325K$319K
-1.8%
5+ $459K$580K
+26.4%

Summary: Irving 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 39.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 26.4%.

Median Sold Price Compared To Nearby Cities

Alto
+10.6%
Irving Township
+2.2%

Housing Supply in Irving Township, MI

How many homes are available in Irving Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Irving Township real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 43
-25.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Irving 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 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 Irving 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 Irving Township in November 2024, down by 50.0% 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 Irving Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
51 Days39 Days-24.4%

Summary: Homes in Irving Township had an average of 39 days on market in Nov 2024, down by 24.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Irving Township has remained consistent over time.

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

Newest Listings in Irving Township, MI

Nearby Markets to Irving Township, MI

What housing markets are near Irving Township, MI?