$1,663 Closing Credit*
$140,000
1,186 SqFt
3 Beds
•2 Full Baths
Laura Mitrick, Listing Office: Compass Michigan LLC
Is 49126, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49126 has remained a Seller's Market.
Key Takeaway
49126 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49126, MI
How much do homes in 49126, MI cost?
Median Sold Price
$401,000
$232/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$547,000(-57.7%)
Key Takeaway
Homes in 49126 have sold for 57.7% less than they did a month ago.
Summary: The median home sold price in 49126 was $401,000 in October 2024, down 57.7% from last month, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $96K | - | N/A |
| 4 Bedrooms | $1.8M | $401K | -77.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49126 housing prices by bedroom type for October 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 decreased by 77.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49111 | $252.5K | $180.2K | -28.6% |
| 49126 | $948K | $401K | -57.7% |
Housing Supply in 49126, MI
How many homes are available in 49126, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The 49126 real estate market had 3 homes for sale in October 2024, a 50.0% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49126 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 decreased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 49126, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 49126 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 49126, MI
How long does it take to sell a home in 49126, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 49 Days | -44.0% |
Summary: Homes in 49126 had an average of 49 days on market in Oct 2024, down by 44% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49126 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 49126; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
