$3,266 Closing Credit*
$275,000
1,493 SqFt
4 Beds
•1 Full Bath, 1 Partial
Julie A Reisner, Listing Office: NextHome ONE of Kalamazoo
Is 49001, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49001 has remained a Seller's Market.
Key Takeaway
49001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49001, MI
How much do homes in 49001, MI cost?
Median Sold Price
$162,250
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,875(+7.2%)
Key Takeaway
Homes in 49001 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 49001 was $162,250 in October 2024, up 7.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.2K | $140K | +35.6% |
| 2 Bedrooms | $138K | $145.2K | +5.2% |
| 3 Bedrooms | $165.9K | $181.5K | +9.4% |
| 4 Bedrooms | $168.5K | $157.5K | -6.5% |
| 5+ Bedrooms | $160K | $145K | -9.4% |
Summary: 49001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in 49001, MI
How many homes are available in 49001, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 77 | +8.5% |
Summary: The 49001 real estate market had 77 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 34 | 40 | +17.6% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49001 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49001, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in 49001 in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 32% were sold under asking, 41% were sold at asking, and 27% were sold over asking.
Days on Market for 49001, MI
How long does it take to sell a home in 49001, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +32.7% |
Summary: Homes in 49001 had an average of 17 days on market in Oct 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49001 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 49001; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
