$59,000
1.50 Acres
Land
Joy A Watts, Listing Office: Berkshire Hathaway HomeServices MI
Is 49088, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49088 was a Seller's Market.
Key Takeaway
49088 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49088, MI
How much do homes in 49088, MI cost?
Median Sold Price
$345,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,500(+16.4%)
Key Takeaway
Homes in 49088 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 49088 was $345,000 in October 2024, up 16.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $367.4K | $290K | -21.1% |
| 3 Bedrooms | $296.5K | $350K | +18.0% |
| 4 Bedrooms | $286.5K | $352.5K | +23.0% |
| 5+ Bedrooms | $441.2K | $350K | -20.7% |
Summary: 49088 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 decreased by 21.1%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 20.7%.
Housing Supply in 49088, MI
How many homes are available in 49088, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The 49088 real estate market had 12 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49088 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 increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 49088, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49088 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49088, MI
How long does it take to sell a home in 49088, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +18.1% |
Summary: Homes in 49088 had an average of 17 days on market in Oct 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49088 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 49088; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
