Is 49070, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49070 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49070 has remained a Seller's Market.

Key Takeaway

49070 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49070, MI

How much do homes in 49070, MI cost?

Median Sold Price

$310,000

$191/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$64,500(+26.3%)

Key Takeaway

Homes in 49070 have sold for 26.3% more than they did a month ago.

Summary: The median home sold price in 49070 was $310,000 in December 2024, up 26.3% from last month, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $245.5K$554.5K
+125.9%
4 -$290K
N/A
5+ --
N/A

Summary: 49070 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 125.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49344
+91.5%
49070
+26.3%
49328
+4.5%

Housing Supply in 49070, MI

How many homes are available in 49070, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
65-16.7%

Summary: The 49070 real estate market had 5 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 49070 housing inventory by bedroom type for December 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49070, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 49070 in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 49070, MI

How long does it take to sell a home in 49070, MI?

Average Sale Time

Nov 2024Dec 2024CHANGE
6 Days26 Days+333.3%

Summary: Homes in 49070 had an average of 26 days on market in Dec 2024, up by 333.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49070 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 49070; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in 49070, MI

Nearby Markets to 49070, MI