$1,247 Closing Credit*
$105,000
1,172 SqFt
2 Beds
•1 Full Bath
Jami Lind, Listing Office: Hauska Home and Farm
Is 49028, 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, 49028 has remained a Seller's Market.
Key Takeaway
49028 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49028, MI
How much do homes in 49028, MI cost?
Median Sold Price
$183,250
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,750(-2.5%)
Key Takeaway
Homes in 49028 have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in 49028 was $183,250 in October 2024, down 2.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $81K | -35.7% |
| 2 Bedrooms | $140.7K | $164.9K | +17.2% |
| 3 Bedrooms | $188K | $169.4K | -9.9% |
| 4 Bedrooms | $274.9K | $201.7K | -26.6% |
| 5+ Bedrooms | - | $432.8K | N/A |
Summary: 49028 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49036 | $188.9K | $237K | +25.4% |
| 49028 | $188K | $183.2K | -2.5% |
Housing Supply in 49028, MI
How many homes are available in 49028, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Summary: The 49028 real estate market had 30 homes for sale in October 2024, a 30.4% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 49028 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 increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 9 | +800.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49028, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 49028 in October 2024, up by 800.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 78% were sold at asking, and 0% were sold over asking.
Days on Market for 49028, MI
How long does it take to sell a home in 49028, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 80 Days | +42.5% |
Summary: Homes in 49028 had an average of 80 days on market in Oct 2024, up by 42.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49028 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 9 homes were sold in 49028; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
