$375,000
44.25 Acres
Land
Riley Welch, Listing Office: Mossy Oak Properties Michigan Outdoors
Is 49087, 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, 49087 has remained a Seller's Market.
Key Takeaway
49087 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49087, MI
How much do homes in 49087, MI cost?
Median Sold Price
$375,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+13.6%)
Key Takeaway
Homes in 49087 have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in 49087 was $375,000 in November 2024, up 13.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $117.7K | $177K | +50.3% |
| 3 Bedrooms | $327.4K | $313K | -4.4% |
| 4 Bedrooms | $383.4K | $540K | +40.8% |
| 5+ Bedrooms | $515K | $462.2K | -10.2% |
Summary: 49087 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 50.3%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes decreased by 10.2%.
Housing Supply in 49087, MI
How many homes are available in 49087, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The 49087 real estate market had 15 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49087 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49087, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49087 in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49087, MI
How long does it take to sell a home in 49087, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 19 Days | +18.2% |
Summary: Homes in 49087 had an average of 19 days on market in Nov 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49087 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 49087; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
