$2,789 Closing Credit*
$234,900
1,768 SqFt
3 Beds
•2 Full Baths
Howard McLauchlin, Listing Office: McLauchlin Realty, Inc.
Is 49103, 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, 49103 has remained a Seller's Market.
Key Takeaway
49103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49103, MI
How much do homes in 49103, MI cost?
Median Sold Price
$308,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+2.3%)
Key Takeaway
Homes in 49103 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 49103 was $308,000 in November 2024, up 2.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $375K | N/A |
| 2 Bedrooms | $179.5K | $518K | +188.6% |
| 3 Bedrooms | $258K | $269.9K | +4.6% |
| 4 Bedrooms | $330K | $340K | +3.0% |
| 5+ Bedrooms | $315K | $353K | +12.1% |
Summary: 49103 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 increased by 188.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in 49103, MI
How many homes are available in 49103, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 34 | -15.0% |
Summary: The 49103 real estate market had 34 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 17 | 12 | -29.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 49103 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49103, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 49103 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 49103, MI
How long does it take to sell a home in 49103, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 65 Days | -19.8% |
Summary: Homes in 49103 had an average of 65 days on market in Nov 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49103 has remained consistent over time.
Summary: During November 2024, 8 homes were sold in 49103; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
