$1,958 Closing Credit*
$164,900
904 SqFt
3 Beds
•1 Full Bath
Matthias DeJongh, Listing Office: Greenridge Realty South Haven
Is 49098, 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, 49098 has remained a Seller's Market.
Key Takeaway
49098 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49098, MI
How much do homes in 49098, MI cost?
Median Sold Price
$268,880
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,380(+15.6%)
Key Takeaway
Homes in 49098 have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in 49098 was $268,880 in October 2024, up 15.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $94.5K | -38.6% |
| 2 Bedrooms | $143K | $176.8K | +23.6% |
| 3 Bedrooms | $235K | $207K | -11.9% |
| 4 Bedrooms | $327.5K | $279.9K | -14.5% |
| 5+ Bedrooms | $982.4K | $549.5K | -44.1% |
Summary: 49098 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes increased by 23.6%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 44.1%.
Housing Supply in 49098, MI
How many homes are available in 49098, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The 49098 real estate market had 41 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49098 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49098, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 49098 in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49098, MI
How long does it take to sell a home in 49098, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 84 Days | -1.1% |
Summary: Homes in 49098 had an average of 84 days on market in Oct 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49098 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in 49098; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
