$2,197 Closing Credit*
$185,000
1,020 SqFt
2 Beds
•1 Full Bath
Faith Carpenter, Listing Office: Miller Real Estate
Is 49058, 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, 49058 has remained a Seller's Market.
Key Takeaway
49058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49058, MI
How much do homes in 49058, MI cost?
Median Sold Price
$252,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,550(+14.8%)
Key Takeaway
Homes in 49058 have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in 49058 was $252,000 in November 2024, up 14.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $134.5K | +68.1% |
| 2 Bedrooms | $165K | $230K | +39.4% |
| 3 Bedrooms | $220K | $250K | +13.6% |
| 4 Bedrooms | $261K | $279.9K | +7.2% |
| 5+ Bedrooms | $314.6K | $353.2K | +12.3% |
Summary: 49058 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 49058, MI
How many homes are available in 49058, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 75 | -18.5% |
Summary: The 49058 real estate market had 75 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 42 | 30 | -28.6% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The 49058 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 28.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49058, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 49058 in November 2024, up by 3.8% month-over-month. Of the 27 sold homes, 56% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for 49058, MI
How long does it take to sell a home in 49058, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 35 Days | -11.0% |
Summary: Homes in 49058 had an average of 35 days on market in Nov 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49058 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 49058; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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