$3,027 Closing Credit*
$254,900
1,288 SqFt
2 Beds
•2 Full Baths
Denise M Atwood, Amanda M Atwood, Listing Office: Five Star Real Estate
Is 49078, 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, 49078 has remained a Seller's Market.
Key Takeaway
49078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49078, MI
How much do homes in 49078, MI cost?
Median Sold Price
$249,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,950(+4.1%)
Key Takeaway
Homes in 49078 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 49078 was $249,900 in November 2024, up 4.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $226.2K | $191.5K | -15.4% |
| 3 Bedrooms | $220K | $252.4K | +14.8% |
| 4 Bedrooms | $305K | $310K | +1.6% |
| 5+ Bedrooms | $311.9K | $271.5K | -13.0% |
Summary: 49078 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 decreased by 15.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 13%.
Housing Supply in 49078, MI
How many homes are available in 49078, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The 49078 real estate market had 32 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49078 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49078, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 49078 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 49078, MI
How long does it take to sell a home in 49078, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 22 Days | -50.5% |
Summary: Homes in 49078 had an average of 22 days on market in Nov 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49078 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 49078; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
