$6,519 Closing Credit*
$549,000
1,849 SqFt
5 Beds
•4 Full Baths
Matt Sieber, Listing Office: Realty Executives Instant Equity
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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.