$830 Closing Credit*
$69,900
1,216 SqFt
3 Beds
•2 Full Baths
Ashley Crawford, Listing Office: Keller Williams GR East
Is 48849, 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, 48849 was a Seller's Market.
Key Takeaway
48849 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 48849, MI
How much do homes in 48849, MI cost?
Median Sold Price
$172,000
$106/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$97,500(-36.2%)
Key Takeaway
Homes in 48849 have sold for 36.2% less than they did a month ago.
Summary: The median home sold price in 48849 was $172,000 in November 2024, down 36.2% from last month, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $160K | - | N/A |
| 3 Bedrooms | $200K | - | N/A |
| 4 Bedrooms | $512.2K | - | N/A |
| 5+ Bedrooms | - | $172K | N/A |
Summary: 48849 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48897 | $157.6K | $229.9K | +45.9% |
| 48815 | $290K | $265K | -8.6% |
| 48849 | $269.5K | $172K | -36.2% |
Housing Supply in 48849, MI
How many homes are available in 48849, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Summary: The 48849 real estate market had 9 homes for sale in November 2024, a 40.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 48849 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 48849, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 48849 in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 48849, MI
How long does it take to sell a home in 48849, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 58 Days | +441.3% |
Summary: Homes in 48849 had an average of 58 days on market in Nov 2024, up by 441.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 48849 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 48849; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.