Is 49015, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49015 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $134.9K$156K
+15.6%
2 $135K$146K
+8.1%
3 $198K$208K
+5.1%
4 $270K$279.9K
+3.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

49014
+11.7%
49015
+9.7%
49037
+8.9%
49034
+1.8%

Housing Supply in 49015, MI

How many homes are available in 49015, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123133+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

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2328
+21.7%
3 5758
+1.8%
4 3237
+15.6%
5+ 108
-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 2024Oct 2024CHANGE
2636+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
11 Days34 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

Breakdown of Home Sale Times

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.

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 49015, MI

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