$3,977 Closing Credit*
$334,900
2,248 SqFt
4 Beds
•2 Full Baths, 2 Partial
Jeffrey A Brown, Listing Office: Weichert Realtors-Gold Star
Is 49127, 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, 49127 has remained a Seller's Market.
Key Takeaway
49127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49127, MI
How much do homes in 49127, MI cost?
Median Sold Price
$355,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+12.7%)
Key Takeaway
Homes in 49127 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 49127 was $355,000 in October 2024, up 12.7% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.5K | $195K | -47.1% |
| 2 Bedrooms | $215K | $249.5K | +16.0% |
| 3 Bedrooms | $275K | $299K | +8.7% |
| 4 Bedrooms | $407K | $457.5K | +12.4% |
| 5+ Bedrooms | $600.3K | $599K | -0.2% |
Summary: 49127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 49127, MI
How many homes are available in 49127, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 47 | +9.3% |
Summary: The 49127 real estate market had 47 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 49127 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 increased by 37.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49127, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 49127 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 49127, MI
How long does it take to sell a home in 49127, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 46 Days | -41.5% |
Summary: Homes in 49127 had an average of 46 days on market in Oct 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49127 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 49127; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.