$7,066 Closing Credit*
$595,000
2,930 SqFt
4 Beds
•3 Full Baths
Christopher S Siriano, Listing Office: Siriano Realty
Is 49107, 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, 49107 has remained a Seller's Market.
Key Takeaway
49107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49107, MI
How much do homes in 49107, MI cost?
Median Sold Price
$239,950
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,450(+9.3%)
Key Takeaway
Homes in 49107 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 49107 was $239,950 in October 2024, up 9.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | - | N/A |
| 2 Bedrooms | $152.5K | $184.7K | +21.1% |
| 3 Bedrooms | $226K | $226K | 0.0% |
| 4 Bedrooms | $459.9K | $285K | -38.0% |
| 5+ Bedrooms | $180K | $245K | +36.1% |
Summary: 49107 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 21.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 38%, and 5+ bedroom homes increased by 36.1%.
Housing Supply in 49107, MI
How many homes are available in 49107, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The 49107 real estate market had 43 homes for sale in October 2024, a 16.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49107 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
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 49107, 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 49107 in October 2024, down by 20.0% 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 49107, MI
How long does it take to sell a home in 49107, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 50 Days | -41.2% |
Summary: Homes in 49107 had an average of 50 days on market in Oct 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49107 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 49107; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
