$5,344 Closing Credit*
$450,000
3,000 SqFt
4 Beds
•4 Full Baths, 1 Partial
Michael D Abt, Listing Office: Real Estate One-Troy
Is Island View, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Island View was a Neutral Market.
Key Takeaway
Island View is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Island View, MI
How much do homes in Island View, MI cost?
Median Sold Price
$127,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,000(-15.3%)
Key Takeaway
Homes in Island View have sold for 15.3% less than they did a year ago.
Summary: The median home sold price in Island View was $127,000 in October 2024, down 15.3% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.5K | $104.5K | -27.7% |
| 2 Bedrooms | $161.5K | $122.9K | -23.9% |
| 3 Bedrooms | $247.5K | $200K | -19.2% |
| 4 Bedrooms | $83K | $85K | +2.4% |
| 5+ Bedrooms | $186.4K | $345K | +85.0% |
Summary: Island View housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 85%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Village | $163.5K | $185K | +13.1% |
| Island View | $150K | $127K | -15.3% |
| Butzel | $175.7K | $130K | -26.0% |
Housing Supply in Island View, MI
How many homes are available in Island View, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Island View real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Island View housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Island View, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Island View in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Island View, MI
How long does it take to sell a home in Island View, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +53.5% |
Summary: Homes in Island View had an average of 25 days on market in Oct 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Island View are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Island View; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.