Is Ionia Township, 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, Ionia Township has remained a Seller's Market.
Housing Prices in Ionia Township, MI
How much do homes in Ionia Township, MI cost?
Median Sold Price
$195,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ionia Township was $195,000 in April 2024, up 8.3% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $156.5K | +123.6% |
2 Bedrooms | $140K | $145K | +3.6% |
3 Bedrooms | $172.5K | $195K | +13.0% |
4 Bedrooms | $248.5K | $224.5K | -9.7% |
5+ Bedrooms | $180K | $229.9K | +27.7% |
Summary: Ionia Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
Lyons | $136K | $182.5K | +34.2% |
Lyons Township | $159.7K | $214K | +34.0% |
Ionia | $176K | $192K | +9.1% |
Ionia Township | $180K | $195K | +8.3% |
Housing Supply in Ionia Township, MI
How many homes are available in Ionia Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Ionia Township real estate market had 47 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Ionia Township 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 increased by 100%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Ionia Township in April 2024, up by 63.6% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for Ionia Township, MI
How long does it take to sell a home in Ionia Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 18 Days | +351.4% |
Summary: Homes in Ionia Township had an average of 18 days on market in Apr 2024, up by 351.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Ionia Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.