Housing Prices in 49116, MI

How much do homes in 49116, MI cost?

Median List Price

$1,170,000

$462/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$435,000(+59.2%)

Key Takeaway

The list price of homes in 49116 has increased by 59.2% since last year.

Summary: The median home list price in 49116 was $1,170,000 in October 2024, up 59.2% from the previous year, and the median price per square foot was $462.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $465K$725K
+55.9%
3 $745K$1.2M
+67.8%
4 $899K$782K
-13.0%
5+ $4.0M$1.4M
-64.4%

Summary: 49116 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 55.9%, 3 bedroom homes increased by 67.8%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 64.4%.

Median List Price Compared To Nearby Zip Codes

49116
+59.2%
49129
+48.4%
49128
+4.5%
49115
-8.7%

Housing Supply in 49116, MI

How many homes are available in 49116, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1113+18.2%

Summary: The 49116 real estate market had 13 homes for sale in October 2024, a 18.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 24
+100.0%
5+ 44
0.0%

Summary: The 49116 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 100%, and 5+ bedroom homes remained the same.

Days on Market for 49116, MI

How long does it take to sell a home in 49116, MI?

Average Listing Age

Oct 2023Oct 2024CHANGE
75 Days131 Days+74.1%

Summary: Homes in 49116 had an average listing age of 131 days in Oct 2024, up by 74.1% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 49116, MI

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