$2,838 Closing Credit*
$239,000
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 October 2023
At the same time last year, 49042 was a Seller's Market.
Key Takeaway
49042 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49042, MI
How much do homes in 49042, MI cost?
Median Sold Price
$226,100
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,100(+30.7%)
Key Takeaway
Homes in 49042 have sold for 30.7% more than they did a year ago.
Summary: The median home sold price in 49042 was $226,100 in October 2024, up 30.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $122.5K | $57.5K | -53.1% |
| 3 Bedrooms | $160K | $199.9K | +24.9% |
| 4 Bedrooms | $310K | $251.9K | -18.7% |
| 5+ Bedrooms | $200K | $284.9K | +42.4% |
Summary: 49042 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 decreased by 53.1%, 3 bedroom homes increased by 24.9%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes increased by 42.4%.
Housing Supply in 49042, MI
How many homes are available in 49042, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The 49042 real estate market had 19 homes for sale in October 2024, a 11.8% increase 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 | 1 | 4 | +300.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49042 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 increased by 300%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49042, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49042 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 50 Days | -54.1% |
Summary: Homes in 49042 had an average of 50 days on market in Oct 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 October 2024, 3 homes were sold in 49042; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
