$1,294 Closing Credit*
$109,000
1,320 SqFt
3 Beds
•1 Full Bath
Kevin Trafton, Listing Office: Century 21 Affiliated
Is 49022, 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, 49022 has remained a Seller's Market.
Key Takeaway
49022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49022, MI
How much do homes in 49022, MI cost?
Median Sold Price
$165,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,050(+10.0%)
Key Takeaway
Homes in 49022 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 49022 was $165,000 in October 2024, up 10% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $96.4K | $131.5K | +36.3% |
| 3 Bedrooms | $163.9K | $167K | +1.9% |
| 4 Bedrooms | $270K | $247.5K | -8.3% |
| 5+ Bedrooms | $570K | $403.5K | -29.2% |
Summary: 49022 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 29.2%.
Housing Supply in 49022, MI
How many homes are available in 49022, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 106 | -1.9% |
Summary: The 49022 real estate market had 106 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 44 | 43 | -2.3% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 49022 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 remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49022, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 49022 in October 2024, up by 50.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.
Days on Market for 49022, MI
How long does it take to sell a home in 49022, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 62 Days | -22.9% |
Summary: Homes in 49022 had an average of 62 days on market in Oct 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49022 has remained consistent over time.
Summary: During October 2024, 27 homes were sold in 49022; 33% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.