$2,730 Closing Credit*
$229,900
2,500 SqFt
4 Beds
•2 Full Baths, 1 Partial
Grace Roberts Elevate Team, Listing Office: Michigan Top Producers
Is 49028, 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, 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
$181,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,000(-4.7%)
Key Takeaway
Homes in 49028 have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in 49028 was $181,000 in November 2024, down 4.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $81K | -35.7% |
| 2 Bedrooms | $143.5K | $164.9K | +14.9% |
| 3 Bedrooms | $190K | $162K | -14.7% |
| 4 Bedrooms | $274.9K | $199.9K | -27.3% |
| 5+ Bedrooms | - | $432.8K | N/A |
Summary: 49028 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49036 | $199K | $229.9K | +15.6% |
| 49028 | $190K | $181K | -4.7% |
| 49089 | $200K | $160K | -20.0% |
Housing Supply in 49028, MI
How many homes are available in 49028, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The 49028 real estate market had 29 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 49028 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 75%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49028, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49028 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 47 Days | +4.1% |
Summary: Homes in 49028 had an average of 47 days on market in Nov 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49028 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 49028; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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.