$2,969 Closing Credit*
$250,000
900 SqFt
2 Beds
•2 Full Baths
Sheri Ide, Listing Office: Exit Great Lakes Realty
Is 49096, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49096 was a Neutral Market.
Key Takeaway
49096 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49096, MI
How much do homes in 49096, MI cost?
Median Sold Price
$205,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-1.0%)
Key Takeaway
Homes in 49096 have sold for 1% less than they did a year ago.
Summary: The median home sold price in 49096 was $205,000 in November 2024, down 1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $171.2K | -40.9% |
| 3 Bedrooms | $207K | $199.9K | -3.4% |
| 4 Bedrooms | $263.5K | $259.7K | -1.4% |
| 5+ Bedrooms | $200K | $542.5K | +171.3% |
Summary: 49096 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 40.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 171.3%.
Median Sold Price Compared To Nearby Zip Codes
| 49073 | $180K | $210K | +16.7% |
| 48813 | $197K | $214K | +8.6% |
| 49096 | $207K | $205K | -1.0% |
Housing Supply in 49096, MI
How many homes are available in 49096, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The 49096 real estate market had 11 homes for sale in November 2024, a 15.4% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49096 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49096, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 49096 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 49096, MI
How long does it take to sell a home in 49096, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 17 Days | +343.8% |
Summary: Homes in 49096 had an average of 17 days on market in Nov 2024, up by 343.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49096 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 49096; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.