$4,511 Closing Credit*
$379,900
1,182 SqFt
4 Beds
•2 Full Baths
Mary Beth Sons, Listing Office: Redzone Realty Group, LLC
Is 49071, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49071 has remained a Seller's Market.
Key Takeaway
49071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49071, MI
How much do homes in 49071, MI cost?
Median Sold Price
$347,012
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,612(+7.6%)
Key Takeaway
Homes in 49071 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 49071 was $347,012 in October 2024, up 7.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $148.5K | $250K | +68.4% |
| 3 Bedrooms | $275K | $299K | +8.7% |
| 4 Bedrooms | $339.9K | $360.5K | +6.1% |
| 5+ Bedrooms | $568.7K | $595K | +4.6% |
Summary: 49071 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 increased by 68.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 49071, MI
How many homes are available in 49071, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 49071 real estate market had 39 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 49071 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 100%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49071, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49071 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 49071, MI
How long does it take to sell a home in 49071, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 36 Days | +12.1% |
Summary: Homes in 49071 had an average of 36 days on market in Oct 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49071 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 49071; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
