Is Ida, MI 48140 a buyer’s or seller’s market?
Ida is a seller’s market. With about 0.3 months of supply and 60% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Ida housing market right now
In the three months ending August 31, 2026, 60% of homes in Ida, MI 48140 sold above their list price, the typical home went under contract in 27 days and there were 0.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (62 days then) and the median sale price rose 2% to $304,868. Overall, Ida is more competitive than a year ago, so tougher for buyers.
Within Monroe County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Luna Pier 48157 (0% sold over asking) or La Salle 48145 (13% sold over asking).
Run the numbers for 48140
Nearby markets
Carleton 48117Seller’s market $185 /sq ftDundee 48131Seller’s market $164 /sq ftErie 48133Balanced $172 /sq ftLa Salle 48145Seller’s market $187 /sq ft Browse all markets →Towns like Ida nearby
Find towns like Ida in other states →Where Ida is
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Questions about Ida real estate
Is Ida a buyer’s or seller’s market?
A seller’s market: there were 0.3 months of supply in Ida, MI 48140 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ida?
The typical home went under contract in 27 days in the latest three months.
Do homes in Ida sell over asking?
60% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Ida?
About 1.16% of a home’s value a year in Monroe County, or roughly $4,640 on a $400,000 home.
What is the median home price in Ida?
The median sale price was $304,868 in the three months ending August 31, 2026, about $151 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology