$2,256 Closing Credit*
$190,000
1,600 SqFt
5 Beds
•1 Full Bath, 1 Partial
Kristen Sheldon, Listing Office: @properties Christie's International R.E.
Is 49125, 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, 49125 has remained a Seller's Market.
Key Takeaway
49125 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49125, MI
How much do homes in 49125, MI cost?
Median Sold Price
$472,500
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,500(-1.4%)
Key Takeaway
Homes in 49125 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 49125 was $472,500 in October 2024, down 1.4% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $194.5K | N/A |
| 2 Bedrooms | $610K | $250K | -59.0% |
| 3 Bedrooms | $435K | $465.5K | +7.0% |
| 4 Bedrooms | $364.5K | $694.2K | +90.5% |
| 5+ Bedrooms | $1.4M | $1.1M | -22.7% |
Summary: 49125 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 59%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 90.5%, and 5+ bedroom homes decreased by 22.7%.
Housing Supply in 49125, MI
How many homes are available in 49125, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The 49125 real estate market had 20 homes for sale in October 2024, a 17.6% 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49125 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 decreased by 16.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49125, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49125 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 49125, MI
How long does it take to sell a home in 49125, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 102 Days | +99.5% |
Summary: Homes in 49125 had an average of 102 days on market in Oct 2024, up by 99.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49125 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 49125; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
