$2,789 Closing Credit*
$234,900
1,432 SqFt
2 Beds
•1 Full Bath
Joshua Schirr, Listing Office: McKinnies Realty
Is 49042, 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, 49042 has remained a Seller's Market.
Key Takeaway
49042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49042, MI
How much do homes in 49042, MI cost?
Median Sold Price
$229,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,500(+29.7%)
Key Takeaway
Homes in 49042 have sold for 29.7% more than they did a year ago.
Summary: The median home sold price in 49042 was $229,000 in November 2024, up 29.7% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $110K | $60K | -45.5% |
| 3 Bedrooms | $166.5K | $182K | +9.3% |
| 4 Bedrooms | $235K | $263.9K | +12.3% |
| 5+ Bedrooms | $185K | $315K | +70.3% |
Summary: 49042 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 decreased by 45.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 70.3%.
Housing Supply in 49042, MI
How many homes are available in 49042, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The 49042 real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 49042 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
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 49042, 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 49042 in November 2024, up by 25.0% 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 49042, MI
How long does it take to sell a home in 49042, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 45 Days | +44.0% |
Summary: Homes in 49042 had an average of 45 days on market in Nov 2024, up by 44% 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 49042 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 49042; 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.
