$325,000
5.17 Acres
Land
Charles Cherney, Listing Office: Cherney Realty Advisors
Is 49015, 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, 49015 has remained a Seller's Market.
Key Takeaway
49015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49015, MI
How much do homes in 49015, MI cost?
Median Sold Price
$207,333
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,333(+9.7%)
Key Takeaway
Homes in 49015 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 49015 was $207,333 in October 2024, up 9.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $156K | +15.6% |
| 2 Bedrooms | $135K | $146K | +8.1% |
| 3 Bedrooms | $198K | $208K | +5.1% |
| 4 Bedrooms | $270K | $279.9K | +3.7% |
| 5+ Bedrooms | $334.5K | $354.5K | +6.0% |
Summary: 49015 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6%.
Housing Supply in 49015, MI
How many homes are available in 49015, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 133 | +8.1% |
Summary: The 49015 real estate market had 133 homes for sale in October 2024, a 8.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 57 | 58 | +1.8% |
| 4 Bedrooms | 32 | 37 | +15.6% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 49015 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 increased by 21.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49015, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 49015 in October 2024, up by 38.5% month-over-month. Of the 36 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for 49015, MI
How long does it take to sell a home in 49015, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 34 Days | +198.4% |
Summary: Homes in 49015 had an average of 34 days on market in Oct 2024, up by 198.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49015 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 49015; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
