$2,968 Closing Credit*
$249,900
1,492 SqFt
3 Beds
•1 Full Bath
Renee Meiser, Listing Office: Cressy & Everett Real Estate
Is 49111, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 49111 was a Neutral Market.
Key Takeaway
49111 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49111, MI
How much do homes in 49111, MI cost?
Median Sold Price
$180,250
$154/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$72,250(-28.6%)
Key Takeaway
Homes in 49111 have sold for 28.6% less than they did a month ago.
Summary: The median home sold price in 49111 was $180,250 in October 2024, down 28.6% from last month, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $245K | $224.5K | -8.4% |
| 4 Bedrooms | $260K | $136K | -47.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49111 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 47.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49111 | $252.5K | $180.2K | -28.6% |
| 49126 | $948K | $401K | -57.7% |
Housing Supply in 49111, MI
How many homes are available in 49111, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 49111 real estate market had 14 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 | 3 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49111 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49111, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49111 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 49111, MI
How long does it take to sell a home in 49111, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 Days | 69 Days | -36.4% |
Summary: Homes in 49111 had an average of 69 days on market in Oct 2024, down by 36.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49111 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49111; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
