Is Ithaca, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ithaca was a Neutral Market.
Housing Prices in Ithaca, MI
How much do homes in Ithaca, MI cost?
Median Sold Price
$235,000
$142/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Ithaca was $235,000 in May 2024, down 6% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $130K | N/A |
3 Bedrooms | $250K | $255K | +2.0% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Ithaca housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
North Star Township | $255K | $285K | +11.8% |
Ithaca | $250K | $235K | -6.0% |
Housing Supply in Ithaca, MI
How many homes are available in Ithaca, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Summary: The Ithaca real estate market had 16 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ithaca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Ithaca in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Ithaca, MI
How long does it take to sell a home in Ithaca, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 Days | 7 Days | -93.8% |
Summary: Homes in Ithaca had an average of 7 days on market in May 2024, down by 93.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Ithaca; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.