Is Inkster, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Inkster has remained a Seller's Market.
Key Takeaway
Inkster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inkster, MI
How much do homes in Inkster, MI cost?
Median Sold Price
$100,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Inkster have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Inkster was $100,000 in April 2024, up 13.6% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $66.5K | +10.8% |
| 3 Bedrooms | $100K | $107K | +7.0% |
| 4 Bedrooms | $92.4K | $99.7K | +7.8% |
| 5+ Bedrooms | $135K | $125K | -7.4% |
Summary: Inkster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Inkster | $88K | $100K | +13.6% |
| Dearborn Heights | $169.9K | $191.5K | +12.7% |
| Garden City | $175K | $190.1K | +8.7% |
| Westland | $190K | $200K | +5.3% |
Housing Supply in Inkster, MI
How many homes are available in Inkster, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 73 | +14.1% |
Summary: The Inkster real estate market had 73 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 40 | 51 | +27.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Inkster housing inventory by bedroom type for April 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 27.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inkster, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Inkster in April 2024, down by 6.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Inkster, MI
How long does it take to sell a home in Inkster, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 41 Days | -53.6% |
Summary: Homes in Inkster had an average of 41 days on market in Apr 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inkster are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Inkster; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
