As of Jun 23, 2017
This snapshot is designed to help innkeepers and aspiring innkeepers understand the inn for sale marketplace in broad terms. It is based on all available data from innshopper.com - data entered directly from inn owners and brokers.
PROPERTY METRICS
Median building size is 4,891 sqft
&barvalue1=249&barlabel1=3%2c000-5%2c000+sqft (38.8%)&barvalue2=256&barlabel2=5%2c000-10%2c000+sqft (39.9%)&barvalue3=54&barlabel3=10%2c000%2b+sqft (8.4%))
Median lot size is 1.70 acres
&barvalue1=266&barlabel1=1-5+acres (38.7%)&barvalue2=75&barlabel2=5-10+acres (10.9%)&barvalue3=113&barlabel3=10%2b+acres (16.4%))
Median year built is 1906
&barvalue1=182&barlabel1=1850-1899 (25.8%)&barvalue2=196&barlabel2=1900-1950 (27.8%)&barvalue3=224&barlabel3=Post+1950 (31.7%))
- Average number of guest rooms is 7.66
- Average number of guest bathrooms is 7.18
- 72% have a private bathroom for each guestroom
- 96% have owner's quarters
PRICING
Inn for sale price distribution:
&barvalue1=310&barlabel1=%24500K+-+%241.0M (39.6%)&barvalue2=115&barlabel2=%241.0M+-+%241.5M (14.7%)&barvalue3=74&barlabel3=%241.5M+-+%242.0M (9.5%)&barvalue4=72&barlabel4=%242.0M%2b (9.2%))
- Average price is $1,021,529
- Median price is $777,000
- Average price per square foot is $177
The 5 most expensive states (on average)
- DE - 1 listing at $2.8M
- HI - 5 listings. Avg of $2.4M (from $554K to $4.6M)
- VI - 1 listing at $1.9M
- NJ - 8 listings. Avg of $1.8M (from $469K to $8.6M)
- WY - 2 listings. Avg of $1.7M (from $529K to $2.9M)
The 5 least expensive states (on average)
- NE - 3 listings. Avg of $131K (from $0K to $225K)
- IN - 10 listings. Avg of $390K (from $139K to $650K)
- MN - 9 listings. Avg of $509K (from $0K to $1.7M)
- AL - 9 listings. Avg of $546K (from $150K to $900K)
- WI - 16 listings. Avg of $602K (from $199K to $1.5M)
DATA COVERAGE
845 properties for sale, covering:
- 52 states
- 692 cities
- 680 owners/agents
States with the most inn listings:
&barvalue1=58&barlabel1=NY (58)&barvalue2=55&barlabel2=International (55)&barvalue3=42&barlabel3=VA (42)&barvalue4=39&barlabel4=ME (39)&barvalue5=33&barlabel5=NC (33)&barvalue6=31&barlabel6=VT (31)&barvalue7=28&barlabel7=FL (28)&barvalue8=23&barlabel8=MO (23)&barvalue9=22&barlabel9=MA (22))