$1,543 Closing Credit*
$129,900
769 SqFt
3 Beds
•1 Full Bath
Jessica Steele, Listing Office: Berkshire Hathaway HomeServices MI
Is 49007, 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, 49007 has remained a Seller's Market.
Key Takeaway
49007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49007, MI
How much do homes in 49007, MI cost?
Median Sold Price
$115,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-4.2%)
Key Takeaway
Homes in 49007 have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in 49007 was $115,000 in October 2024, down 4.2% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.5K | $222.5K | -15.6% |
| 2 Bedrooms | $93K | $65K | -30.1% |
| 3 Bedrooms | $105K | $115.7K | +10.2% |
| 4 Bedrooms | $126K | $120K | -4.8% |
| 5+ Bedrooms | $165K | $195.2K | +18.3% |
Summary: 49007 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes decreased by 30.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 18.3%.
Housing Supply in 49007, MI
How many homes are available in 49007, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 38 | +40.7% |
Summary: The 49007 real estate market had 38 homes for sale in October 2024, a 40.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 49007 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49007, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 49007 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 49007, MI
How long does it take to sell a home in 49007, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 19 Days | -31.6% |
Summary: Homes in 49007 had an average of 19 days on market in Oct 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49007 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 49007; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.