$5,639 Closing Credit*
$474,900
1,263 SqFt
4 Beds
•2 Baths
Thomas A Rumble, Listing Office: EXP Realty LLC
Is 49009, 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, 49009 has remained a Seller's Market.
Key Takeaway
49009 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49009, MI
How much do homes in 49009, MI cost?
Median Sold Price
$403,410
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,810(+7.7%)
Key Takeaway
Homes in 49009 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 49009 was $403,410 in October 2024, up 7.7% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.5K | $110K | -47.5% |
| 2 Bedrooms | $262.5K | $280K | +6.7% |
| 3 Bedrooms | $310K | $335K | +8.1% |
| 4 Bedrooms | $420K | $464.7K | +10.7% |
| 5+ Bedrooms | $548.3K | $552.5K | +0.8% |
Summary: 49009 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 49009, MI
How many homes are available in 49009, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 170 | +0.6% |
Summary: The 49009 real estate market had 170 homes for sale in October 2024, a 0.6% 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 | 30 | 28 | -6.7% |
| 3 Bedrooms | 50 | 55 | +10.0% |
| 4 Bedrooms | 57 | 57 | 0.0% |
| 5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The 49009 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 decreased by 6.7%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49009, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 49009 in October 2024, up by 24.2% month-over-month. Of the 41 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for 49009, MI
How long does it take to sell a home in 49009, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 43 Days | +45.5% |
Summary: Homes in 49009 had an average of 43 days on market in Oct 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49009 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in 49009; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
