$594 Closing Credit*
$50,000
1,392 SqFt
3 Beds
•1 Full Bath
Wendy Morauske, Listing Office: Coldwell Banker Anchor R.E.
Is 49098, 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, 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
$267,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,500(+16.8%)
Key Takeaway
Homes in 49098 have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in 49098 was $267,500 in November 2024, up 16.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $94.5K | -38.6% |
| 2 Bedrooms | $139K | $176.8K | +27.2% |
| 3 Bedrooms | $240K | $205K | -14.6% |
| 4 Bedrooms | $294.4K | $282.2K | -4.2% |
| 5+ Bedrooms | $982.4K | $549.5K | -44.1% |
Summary: 49098 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes increased by 27.2%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 4.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Summary: The 49098 real estate market had 39 homes for sale in November 2024, a 17.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 27 | 21 | -22.2% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49098 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 remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49098, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 49098 in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 73 Days | -2.0% |
Summary: Homes in 49098 had an average of 73 days on market in Nov 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49098 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 49098; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
