$1,008 Closing Credit*
$84,900
695 SqFt
1 Bed
•1 Full Bath
Robyn Adams, Listing Office: Real Estate One Rosemary Davis
Is 49017, 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, 49017 has remained a Seller's Market.
Key Takeaway
49017 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49017, MI
How much do homes in 49017, MI cost?
Median Sold Price
$175,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+2.9%)
Key Takeaway
Homes in 49017 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 49017 was $175,000 in October 2024, up 2.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.5K | $86K | -0.7% |
| 2 Bedrooms | $135K | $145K | +7.4% |
| 3 Bedrooms | $150K | $173.5K | +15.7% |
| 4 Bedrooms | $214K | $215K | 0.5% |
| 5+ Bedrooms | $275K | $210.9K | -23.3% |
Summary: 49017 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 23.3%.
Housing Supply in 49017, MI
How many homes are available in 49017, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 77 | -7.2% |
Summary: The 49017 real estate market had 77 homes for sale in October 2024, a 7.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 46 | 46 | 0.0% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49017 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 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49017, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 49017 in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for 49017, MI
How long does it take to sell a home in 49017, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 16 Days | -20.8% |
Summary: Homes in 49017 had an average of 16 days on market in Oct 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49017 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 49017; 77% of homes were sold within 30 days, 23% 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.