$3,147 Closing Credit*
$265,000
2,378 SqFt
4 Beds
•3 Full Baths
Douglas Wortman, Listing Office: @properties Christies International R.E.
Is 49106, 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, 49106 has remained a Seller's Market.
Key Takeaway
49106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49106, MI
How much do homes in 49106, MI cost?
Median Sold Price
$322,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,847(-3.5%)
Key Takeaway
Homes in 49106 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 49106 was $322,500 in November 2024, down 3.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194.9K | $200K | +2.6% |
| 3 Bedrooms | $314.3K | $291.5K | -7.3% |
| 4 Bedrooms | $680K | $389.7K | -42.7% |
| 5+ Bedrooms | $455K | $580.5K | +27.6% |
Summary: 49106 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 2.6%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 42.7%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Zip Codes
| 49127 | $324.9K | $355K | +9.3% |
| 49106 | $334.3K | $322.5K | -3.5% |
Housing Supply in 49106, MI
How many homes are available in 49106, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Summary: The 49106 real estate market had 23 homes for sale in November 2024, a 11.5% 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 | 2 | 0.0% |
| 3 Bedrooms | 16 | 11 | -31.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49106 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 31.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49106, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 49106 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 49106, MI
How long does it take to sell a home in 49106, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 51 Days | +380.0% |
Summary: Homes in 49106 had an average of 51 days on market in Nov 2024, up by 380% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49106 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 49106; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
