$4,511 Closing Credit*
$379,900
2,560 SqFt
4 Beds
•2 Full Baths, 1 Partial
Courtney Ertman, The Frazee Team, Listing Office: Century 21 Affiliated
Is 49038, 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, 49038 has remained a Seller's Market.
Key Takeaway
49038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49038, MI
How much do homes in 49038, MI cost?
Median Sold Price
$242,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,500(-2.6%)
Key Takeaway
Homes in 49038 have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in 49038 was $242,500 in October 2024, down 2.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $211K | N/A |
| 2 Bedrooms | $178.5K | $242.5K | +35.9% |
| 3 Bedrooms | $246.9K | $225K | -8.9% |
| 4 Bedrooms | $309.9K | $279K | -10.0% |
| 5+ Bedrooms | $342K | $448K | +31.0% |
Summary: 49038 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 35.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 31%.
Housing Supply in 49038, MI
How many homes are available in 49038, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 68 | +17.2% |
Summary: The 49038 real estate market had 68 homes for sale in October 2024, a 17.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 49038 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49038, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 49038 in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for 49038, MI
How long does it take to sell a home in 49038, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 35 Days | -38.6% |
Summary: Homes in 49038 had an average of 35 days on market in Oct 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49038 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 49038; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
