$713 Closing Credit*
$60,000
850 SqFt
2 Beds
•1 Full Bath
Jill Golden, Listing Office: Realty Executives Instant Equity
Is 49022, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$179,533
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,533(+19.7%)
Key Takeaway
Homes in 49022 have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in 49022 was $179,533 in November 2024, up 19.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $99.9K | $125K | +25.1% |
| 3 Bedrooms | $164.9K | $178.3K | +8.2% |
| 4 Bedrooms | $300K | $235K | -21.7% |
| 5+ Bedrooms | $343K | $403.5K | +17.6% |
Summary: 49022 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 49022, MI
How many homes are available in 49022, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 100 | -3.8% |
Summary: The 49022 real estate market had 100 homes for sale in November 2024, a 3.8% decrease 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 | 28 | 26 | -7.1% |
| 3 Bedrooms | 42 | 35 | -16.7% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 49022 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 decreased by 7.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49022, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 49022 in November 2024, down by 31.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 35% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +9.0% |
Summary: Homes in 49022 had an average of 34 days on market in Nov 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49022 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 49022; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
