$4,026 Closing Credit*
$339,000
1,696 SqFt
4 Beds
•2 Full Baths
Alec Peterson, Listing Office: HomeRealty, LLC
Is 49112, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49112 was a Seller's Market.
Key Takeaway
49112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49112, MI
How much do homes in 49112, MI cost?
Median Sold Price
$279,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,500(+9.6%)
Key Takeaway
Homes in 49112 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 49112 was $279,500 in October 2024, up 9.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $245K | N/A |
| 2 Bedrooms | $199.9K | $179.5K | -10.2% |
| 3 Bedrooms | $222.5K | $246.5K | +10.8% |
| 4 Bedrooms | $398K | $387.5K | -2.6% |
| 5+ Bedrooms | $447.5K | $460K | +2.8% |
Summary: 49112 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 decreased by 10.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 49112, MI
How many homes are available in 49112, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The 49112 real estate market had 48 homes for sale in October 2024, a 11.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 49112 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 remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49112, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 49112 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 49112, MI
How long does it take to sell a home in 49112, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 36 Days | -54.9% |
Summary: Homes in 49112 had an average of 36 days on market in Oct 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49112 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 49112; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.