$8,301 Closing Credit*
$699,000
1,040 SqFt
3 Beds
•1 Full Bath, 1 Partial
Rob Gow, Listing Office: Berkshire Hathaway HomeServices Chicago
Is 49129, 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, 49129 has remained a Seller's Market.
Key Takeaway
49129 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49129, MI
How much do homes in 49129, MI cost?
Median Sold Price
$1,012,499
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$202,499(+25.0%)
Key Takeaway
Homes in 49129 have sold for 25% more than they did a year ago.
Summary: The median home sold price in 49129 was $1,012,499 in October 2024, up 25% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $244K | -27.6% |
| 2 Bedrooms | $562.5K | $612K | +8.8% |
| 3 Bedrooms | $675K | $775K | +14.8% |
| 4 Bedrooms | $1.1M | $1.5M | +28.1% |
| 5+ Bedrooms | $1.4M | $1.8M | +33.0% |
Summary: 49129 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 33%.
Housing Supply in 49129, MI
How many homes are available in 49129, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The 49129 real estate market had 25 homes for sale in October 2024, a 7.4% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 49129 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 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49129, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49129 in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 49129, MI
How long does it take to sell a home in 49129, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -6.2% |
Summary: Homes in 49129 had an average of 30 days on market in Oct 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49129 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 49129; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
