Is 49012, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49012 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 49012 was a Buyer's Market.

Key Takeaway

49012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49012, MI

How much do homes in 49012, MI cost?

Median Sold Price

$200,000

$160/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$190,000(-48.7%)

Key Takeaway

Homes in 49012 have sold for 48.7% less than they did a month ago.

Summary: The median home sold price in 49012 was $200,000 in October 2024, down 48.7% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$215K
N/A
3 $390K-
N/A
4 -$200K
N/A
5+ --
N/A

Summary: 49012 housing prices by bedroom type for October 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.

Housing Supply in 49012, MI

How many homes are available in 49012, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1116+45.5%

Summary: The 49012 real estate market had 16 homes for sale in October 2024, a 45.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 66
0.0%
4 23
+50.0%
5+ 14
+300.0%

Summary: The 49012 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49012, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 49012 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49012, MI

How long does it take to sell a home in 49012, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days18 Days+816.7%

Summary: Homes in 49012 had an average of 18 days on market in Oct 2024, up by 816.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 49012; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 49012, MI

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