$1,810 Closing Credit*
$152,400
1,000 SqFt
3 Beds
•1 Full Bath
Katherine E Roberts-Nafe, Listing Office: eXp Realty LLC
Is 49032, 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, 49032 has remained a Seller's Market.
Key Takeaway
49032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49032, MI
How much do homes in 49032, MI cost?
Median Sold Price
$196,894
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,894(+6.4%)
Key Takeaway
Homes in 49032 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 49032 was $196,894 in October 2024, up 6.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $151.5K | +16.5% |
| 3 Bedrooms | $190K | $200K | +5.3% |
| 4 Bedrooms | $300K | $199K | -33.7% |
| 5+ Bedrooms | $180K | $563.5K | +213.1% |
Summary: 49032 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 16.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 33.7%, and 5+ bedroom homes increased by 213.1%.
Housing Supply in 49032, MI
How many homes are available in 49032, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 49032 real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49032 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 increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49032, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49032 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 49032, MI
How long does it take to sell a home in 49032, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 16 Days | -38.5% |
Summary: Homes in 49032 had an average of 16 days on market in Oct 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49032 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 49032; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
