$5,047 Closing Credit*
$425,000
1,872 SqFt
4 Beds
•2 Full Baths, 1 Partial
Cathy Smith, Listing Office: Cathy Smith Real Estate
Is 49106, 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, 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
$327,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.5%)
Key Takeaway
The sold price of homes in 49106 has remained the same since last year.
Summary: The median home sold price in 49106 was $327,500 in October 2024, down 0.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164.9K | $200K | +21.3% |
| 3 Bedrooms | $289K | $310.7K | +7.5% |
| 4 Bedrooms | $710K | $354.5K | -50.1% |
| 5+ Bedrooms | $455K | $715K | +57.1% |
Summary: 49106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 50.1%, and 5+ bedroom homes increased by 57.1%.
Median Sold Price Compared To Nearby Zip Codes
| 49127 | $315K | $355K | +12.7% |
| 49106 | $329K | $327.5K | -0.5% |
Housing Supply in 49106, MI
How many homes are available in 49106, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The 49106 real estate market had 29 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 49106 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 decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 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 49106, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49106 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 95 Days | 30 Days | -67.9% |
Summary: Homes in 49106 had an average of 30 days on market in Oct 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49106 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 49106; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
