$1,413 Closing Credit*
$119,000
896 SqFt
2 Beds
•1 Full Bath
David C Clark, Listing Office: RE/MAX Elite Group
Is 49040, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49040 has remained a Seller's Market.
Key Takeaway
49040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49040, MI
How much do homes in 49040, MI cost?
Median Sold Price
$239,000
$156/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$58,750(+32.6%)
Key Takeaway
Homes in 49040 have sold for 32.6% more than they did a month ago.
Summary: The median home sold price in 49040 was $239,000 in October 2024, up 32.6% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $143K | $145K | +1.4% |
| 3 Bedrooms | $180.2K | $242K | +34.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49040 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 34.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49040 | $180.2K | $239K | +32.6% |
| 49089 | $218.9K | $160K | -26.9% |
Housing Supply in 49040, MI
How many homes are available in 49040, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The 49040 real estate market had 18 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49040 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 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49040, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 49040 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 49040, MI
How long does it take to sell a home in 49040, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 17 Days | -52.2% |
Summary: Homes in 49040 had an average of 17 days on market in Oct 2024, down by 52.2% compared to last month.
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 49040 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 49040; 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.
