$5,461 Closing Credit*
$459,900
2,383 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jason W Sibley, Chuck Clancy, 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 November 2023
Since last year, 49088 has remained a Seller's Market.
Key Takeaway
49088 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49088, MI
How much do homes in 49088, MI cost?
Median Sold Price
$340,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,550(+12.4%)
Key Takeaway
Homes in 49088 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 49088 was $340,000 in November 2024, up 12.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $367.4K | $293.7K | -20.1% |
| 3 Bedrooms | $299K | $280K | -6.4% |
| 4 Bedrooms | $289K | $365K | +26.3% |
| 5+ Bedrooms | $423.1K | $627.5K | +48.3% |
Summary: 49088 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 20.1%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 48.3%.
Housing Supply in 49088, MI
How many homes are available in 49088, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The 49088 real estate market had 9 homes for sale in November 2024, a 25.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49088 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 decreased by 50%, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49088, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49088 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 8 Days | -31.3% |
Summary: Homes in 49088 had an average of 8 days on market in Nov 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
4 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 November 2024, 4 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.
