$2,136 Closing Credit*
$179,900
1,300 SqFt
1 Bed
•2 Full Baths
Jeff Glover, Davonte Moore, Listing Office: KW Professionals
Is Island View, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Island View was a Seller's 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
$110,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,500(-17.0%)
Key Takeaway
Homes in Island View have sold for 17% less than they did a year ago.
Summary: The median home sold price in Island View was $110,000 in November 2024, down 17% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $99K | -27.7% |
| 2 Bedrooms | $168K | $122.9K | -26.8% |
| 3 Bedrooms | $62.5K | $172.5K | +176.0% |
| 4 Bedrooms | $106.5K | $86K | -19.2% |
| 5+ Bedrooms | $68K | $345K | +407.4% |
Summary: Island View housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes decreased by 26.8%, 3 bedroom homes increased by 176%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 407.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Village | $169K | $153K | -9.4% |
| Butzel | $150K | $127K | -15.3% |
| Island View | $132.5K | $110K | -17.0% |
Housing Supply in Island View, MI
How many homes are available in Island View, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Island View real estate market had 34 homes for sale in November 2024, a 17.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Island View 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Island View in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 99 Days | 59 Days | -40.2% |
Summary: Homes in Island View had an average of 59 days on market in Nov 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Island View has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Island View; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.