$4,976 Closing Credit*
$419,000
1,928 SqFt
3 Beds
•1 Full Bath, 1 Partial
Darin W Spieth, Listing Office: Spieth & Satow Auctions & Real Estate
Is 49220, 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, 49220 has remained a Seller's Market.
Key Takeaway
49220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49220, MI
How much do homes in 49220, MI cost?
Median Sold Price
$250,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.4%)
Key Takeaway
Homes in 49220 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 49220 was $250,000 in October 2024, up 6.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18K | - | N/A |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $235K | $262.5K | +11.7% |
| 4 Bedrooms | $152.9K | $158.5K | +3.6% |
| 5+ Bedrooms | $340K | $664K | +95.3% |
Summary: 49220 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 4.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 95.3%.
Housing Supply in 49220, MI
How many homes are available in 49220, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The 49220 real estate market had 10 homes for sale in October 2024, a 42.9% increase 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 | 2 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49220 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 increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49220, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49220 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49220, MI
How long does it take to sell a home in 49220, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 48 Days | -8.6% |
Summary: Homes in 49220 had an average of 48 days on market in Oct 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49220 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 49220; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
