$1,484 Closing Credit*
$125,000
1,440 SqFt
3 Beds
•1 Full Bath
Richard Shepardson, Listing Office: RE/MAX by the Lake
Is 49120, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49120 has remained a Seller's Market.
Key Takeaway
49120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49120, MI
How much do homes in 49120, MI cost?
Median Sold Price
$179,925
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,131(+1.8%)
Key Takeaway
Homes in 49120 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 49120 was $179,925 in October 2024, up 1.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $143.5K | +88.8% |
| 2 Bedrooms | $135K | $140K | +3.7% |
| 3 Bedrooms | $174.9K | $182K | +4.1% |
| 4 Bedrooms | $255K | $252.5K | -1.0% |
| 5+ Bedrooms | $590K | $461K | -21.9% |
Summary: 49120 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Zip Codes
| 49107 | $219.5K | $239.9K | +9.3% |
| 49120 | $176.7K | $179.9K | +1.8% |
Housing Supply in 49120, MI
How many homes are available in 49120, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 163 | +1.2% |
Summary: The 49120 real estate market had 163 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 32 | 29 | -9.4% |
| 3 Bedrooms | 70 | 73 | +4.3% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 49120 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49120, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 49120 in October 2024, up by 5.4% month-over-month. Of the 39 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.
Days on Market for 49120, MI
How long does it take to sell a home in 49120, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 39 Days | -16.0% |
Summary: Homes in 49120 had an average of 39 days on market in Oct 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49120 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in 49120; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.