$5,273 Closing Credit*
$444,000
2,230 SqFt
4 Beds
•2 Full Baths, 1 Partial
Shelle L Dragomer, Listing Office: @properties Christie's International R.E.
Is 49085, 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, 49085 has remained a Seller's Market.
Key Takeaway
49085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49085, MI
How much do homes in 49085, MI cost?
Median Sold Price
$339,966
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,716(+7.2%)
Key Takeaway
Homes in 49085 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 49085 was $339,966 in October 2024, up 7.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.7K | $144K | +3.8% |
| 2 Bedrooms | $237K | $242.5K | +2.3% |
| 3 Bedrooms | $279.7K | $315K | +12.6% |
| 4 Bedrooms | $411K | $419.5K | +2.1% |
| 5+ Bedrooms | $483K | $588.2K | +21.8% |
Summary: 49085 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in 49085, MI
How many homes are available in 49085, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 151 | +7.9% |
Summary: The 49085 real estate market had 151 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 28 | 27 | -3.6% |
| 3 Bedrooms | 55 | 59 | +7.3% |
| 4 Bedrooms | 42 | 48 | +14.3% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 49085 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49085, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 49085 in October 2024, up by 22.6% month-over-month. Of the 38 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for 49085, MI
How long does it take to sell a home in 49085, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 59 Days | +81.7% |
Summary: Homes in 49085 had an average of 59 days on market in Oct 2024, up by 81.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49085 has remained consistent over time.
Summary: During October 2024, 38 homes were sold in 49085; 34% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.