$1,500,000
6.04 Acres
Land
Betty M Biernacki, 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 December 2023
At the same time last year, 49129 was a Buyer'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
$787,499
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$47,000(-5.6%)
Key Takeaway
Homes in 49129 have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in 49129 was $787,499 in December 2024, down 5.6% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $244K | -27.6% |
| 2 Bedrooms | $617.7K | $565K | -8.5% |
| 3 Bedrooms | $601K | $732.4K | +21.9% |
| 4 Bedrooms | $1.1M | $1.5M | +28.5% |
| 5+ Bedrooms | $1.3M | $1.6M | +21.5% |
Summary: 49129 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Zip Codes
| 49117 | $580K | $642.8K | +10.8% |
| 49129 | $834.5K | $787.4K | -5.6% |
Housing Supply in 49129, MI
How many homes are available in 49129, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The 49129 real estate market had 17 homes for sale in December 2024, a 15.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49129 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49129, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 49129 in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 17 Days | -19.3% |
Summary: Homes in 49129 had an average of 17 days on market in Dec 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 December 2024, 4 homes were sold in 49129; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
