$2,374 Closing Credit*
$199,900
1,734 SqFt
3 Beds
•2 Full Baths
Judy A Jordan, Listing Office: Coldwell Banker Morehart Realty
Is 49017, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49017 was a Seller's Market.
Key Takeaway
49017 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49017, MI
How much do homes in 49017, MI cost?
Median Sold Price
$179,950
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,950(+2.8%)
Key Takeaway
Homes in 49017 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 49017 was $179,950 in November 2024, up 2.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.5K | $86K | -0.7% |
| 2 Bedrooms | $134.5K | $145K | +7.8% |
| 3 Bedrooms | $150K | $180K | +20.0% |
| 4 Bedrooms | $218K | $205K | -6.0% |
| 5+ Bedrooms | $274K | $232K | -15.3% |
Summary: 49017 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 15.3%.
Housing Supply in 49017, MI
How many homes are available in 49017, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 78 | +1.3% |
Summary: The 49017 real estate market had 78 homes for sale in November 2024, a 1.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 47 | 48 | +2.1% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49017 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49017, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 49017 in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +11.4% |
Summary: Homes in 49017 had an average of 24 days on market in Nov 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 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 November 2024, 12 homes were sold in 49017; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
