$4,274 Closing Credit*
$359,900
2,062 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mike McGivney, Listing Office: Allen Edwin Realty
Is 49071, 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, 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
$343,700
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,700(+10.9%)
Key Takeaway
Homes in 49071 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 49071 was $343,700 in November 2024, up 10.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $250K | +11.1% |
| 3 Bedrooms | $275.1K | $301.3K | +9.5% |
| 4 Bedrooms | $324.9K | $349.9K | +7.7% |
| 5+ Bedrooms | $575K | $591K | +2.8% |
Summary: 49071 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 49071, MI
How many homes are available in 49071, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Summary: The 49071 real estate market had 35 homes for sale in November 2024, a 18.6% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49071 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 35.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49071, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49071 in November 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 Days | +24.9% |
Summary: Homes in 49071 had an average of 44 days on market in Nov 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 11 homes were sold in 49071; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
