$54,900
2.30 Acres
Land
Kelly Toney, Listing Office: Cressy & Everett Real Estate
Is 49031, 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, 49031 has remained a Seller's Market.
Key Takeaway
49031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49031, MI
How much do homes in 49031, MI cost?
Median Sold Price
$272,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+5.8%)
Key Takeaway
Homes in 49031 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 49031 was $272,500 in November 2024, up 5.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $176K | N/A |
| 2 Bedrooms | $167.2K | $215K | +28.6% |
| 3 Bedrooms | $245.7K | $256K | +4.2% |
| 4 Bedrooms | $221.5K | $312K | +40.9% |
| 5+ Bedrooms | $527K | $1.0M | +95.9% |
Summary: 49031 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 28.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 95.9%.
Housing Supply in 49031, MI
How many homes are available in 49031, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The 49031 real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49031 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49031, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 49031 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 49031, MI
How long does it take to sell a home in 49031, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +86.1% |
Summary: Homes in 49031 had an average of 45 days on market in Nov 2024, up by 86.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49031 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 49031; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
