$250,000
1.08 Acres
Land
Justin Lucas, Listing Office: @properties Christie's International R.E.
Is 49116, 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, 49116 was a Buyer's Market.
Key Takeaway
49116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49116, MI
How much do homes in 49116, MI cost?
Median Sold Price
$1,295,000
$556/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$170,000(+15.1%)
Key Takeaway
Homes in 49116 have sold for 15.1% more than they did a month ago.
Summary: The median home sold price in 49116 was $1,295,000 in November 2024, up 15.1% from last month, and the median price per square foot was $556.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $1.3M | N/A |
| 4 Bedrooms | - | $650K | N/A |
| 5+ Bedrooms | $1.1M | $1.4M | +28.5% |
Summary: 49116 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Zip Codes
| 49116 | $1.1M | $1.2M | +15.1% |
| 49128 | $353K | $225K | -36.3% |
Housing Supply in 49116, MI
How many homes are available in 49116, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The 49116 real estate market had 11 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49116 housing inventory by bedroom type for November 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 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49116, 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 49116 in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 49116, MI
How long does it take to sell a home in 49116, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +28.9% |
Summary: Homes in 49116 had an average of 24 days on market in Nov 2024, up by 28.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49116 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 49116; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
