$1,186 Closing Credit*
$99,900
1,620 SqFt
3 Beds
•2 Full Baths
Joseph Kendrick, Listing Office: USRealty.com LLP
Is 49001, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$165,650
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,537(+9.6%)
Key Takeaway
Homes in 49001 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 49001 was $165,650 in November 2024, up 9.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.2K | $140K | +35.6% |
| 2 Bedrooms | $137.7K | $145.1K | +5.4% |
| 3 Bedrooms | $165.9K | $184K | +10.9% |
| 4 Bedrooms | $168K | $162K | -3.6% |
| 5+ Bedrooms | $160K | $145K | -9.4% |
Summary: 49001 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 3.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 76 | -1.3% |
Summary: The 49001 real estate market had 76 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 40 | 43 | +7.5% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49001 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49001, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 49001 in November 2024, down by 24.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +44.4% |
Summary: Homes in 49001 had an average of 24 days on market in Nov 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 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 November 2024, 19 homes were sold in 49001; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
