$125,000
2.00 Acres
Land
Kurt E Hauseman, Listing Office: Lake Homes Realty
Is 49128, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49128 was a Seller's Market.
Key Takeaway
49128 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49128, MI
How much do homes in 49128, MI cost?
Median Sold Price
$315,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.6%)
Key Takeaway
Homes in 49128 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 49128 was $315,000 in October 2024, up 1.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.8M | - | N/A |
| 2 Bedrooms | $245K | $266.5K | +8.8% |
| 3 Bedrooms | $271K | $275K | +1.5% |
| 4 Bedrooms | $491K | $556.5K | +13.3% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: 49128 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 increased by 8.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49128 | $310K | $315K | +1.6% |
| 49125 | $479K | $472.5K | -1.4% |
| 49115 | $815K | $687.5K | -15.6% |
Housing Supply in 49128, MI
How many homes are available in 49128, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The 49128 real estate market had 26 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49128 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 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49128, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49128 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 49128, MI
How long does it take to sell a home in 49128, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 72 Days | +113.9% |
Summary: Homes in 49128 had an average of 72 days on market in Oct 2024, up by 113.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49128 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49128; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
