$4,749 Closing Credit*
$399,900
1,968 SqFt
4 Beds
•3 Full Baths
Gala S Rock, Listing Office: Lakes & Country Real Estate Inc
Is 49037, 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, 49037 has remained a Seller's Market.
Key Takeaway
49037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49037, MI
How much do homes in 49037, MI cost?
Median Sold Price
$130,666
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,666(+8.9%)
Key Takeaway
Homes in 49037 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 49037 was $130,666 in October 2024, up 8.9% 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 | $114.4K | $70K | -38.8% |
| 2 Bedrooms | $110K | $119K | +8.2% |
| 3 Bedrooms | $130K | $145K | +11.5% |
| 4 Bedrooms | $138.4K | $159.9K | +15.5% |
| 5+ Bedrooms | $147.5K | $250K | +69.5% |
Summary: 49037 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 69.5%.
Housing Supply in 49037, MI
How many homes are available in 49037, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 71 | -10.1% |
Summary: The 49037 real estate market had 71 homes for sale in October 2024, a 10.1% decrease 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 | 28 | 19 | -32.1% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49037 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 decreased by 32.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49037, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 49037 in October 2024, up by 5.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 49037, MI
How long does it take to sell a home in 49037, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +41.6% |
Summary: Homes in 49037 had an average of 21 days on market in Oct 2024, up by 41.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49037 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 49037; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
