$10,000 Closing Credit*
$940,000
3,024 SqFt
5 Beds
•3 Full Baths, 1 Partial
Mark Wortman, Douglas Wortman, Listing Office: @properties Christies International R.E.
Is 49117, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 49117 has remained a Seller's Market.
Key Takeaway
49117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49117, MI
How much do homes in 49117, MI cost?
Median Sold Price
$642,827
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$62,827(+10.8%)
Key Takeaway
Homes in 49117 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 49117 was $642,827 in December 2024, up 10.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $400K | +14.3% |
| 2 Bedrooms | $377.5K | $393.7K | +4.3% |
| 3 Bedrooms | $500K | $527.5K | +5.5% |
| 4 Bedrooms | $707K | $769K | +8.8% |
| 5+ Bedrooms | $1.3M | $2.0M | +48.3% |
Summary: 49117 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 48.3%.
Median Sold Price Compared To Nearby Zip Codes
| 49117 | $580K | $642.8K | +10.8% |
| 49129 | $834.5K | $787.4K | -5.6% |
Housing Supply in 49117, MI
How many homes are available in 49117, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 58 | 53 | -8.6% |
Summary: The 49117 real estate market had 53 homes for sale in December 2024, a 8.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The 49117 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49117, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 49117 in December 2024, the same as the previous month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49117, MI
How long does it take to sell a home in 49117, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 57 Days | 270 Days | +370.7% |
Summary: Homes in 49117 had an average of 270 days on market in Dec 2024, up by 370.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49117 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 9 homes were sold in 49117; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
