$12,000
0.65 Acres
Land
Paul File, Joshua Kiggins, Listing Office: P & S File Land Company, LLC
Is 49047, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49047 was a Seller's Market.
Key Takeaway
49047 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49047, MI
How much do homes in 49047, MI cost?
Median Sold Price
$195,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+16.4%)
Key Takeaway
Homes in 49047 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 49047 was $195,000 in November 2024, up 16.4% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $100K | -55.6% |
| 2 Bedrooms | $126.2K | $133K | +5.3% |
| 3 Bedrooms | $176.2K | $209.9K | +19.1% |
| 4 Bedrooms | $250K | $206K | -17.6% |
| 5+ Bedrooms | $258.5K | $492.5K | +90.5% |
Summary: 49047 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 90.5%.
Housing Supply in 49047, MI
How many homes are available in 49047, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 76 | -5.0% |
Summary: The 49047 real estate market had 76 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 38 | 35 | -7.9% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 49047 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 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49047, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49047 in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 49047, MI
How long does it take to sell a home in 49047, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 112 Days | +247.0% |
Summary: Homes in 49047 had an average of 112 days on market in Nov 2024, up by 247% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49047 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 49047; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
