$2,730 Closing Credit*
$229,900
1,655 SqFt
3 Beds
•2 Full Baths
Jeff Glover, Sean Konja, Listing Office: KW Professionals
Is 49224, 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, 49224 has remained a Seller's Market.
Key Takeaway
49224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49224, MI
How much do homes in 49224, MI cost?
Median Sold Price
$135,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,750(+6.1%)
Key Takeaway
Homes in 49224 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 49224 was $135,000 in October 2024, up 6.1% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $95K | +18.9% |
| 2 Bedrooms | $93.4K | $120.5K | +28.9% |
| 3 Bedrooms | $142.5K | $145K | +1.8% |
| 4 Bedrooms | $156.6K | $144K | -8.1% |
| 5+ Bedrooms | $160K | $140.7K | -12.0% |
Summary: 49224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 12%.
Housing Supply in 49224, MI
How many homes are available in 49224, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 59 | +1.7% |
Summary: The 49224 real estate market had 59 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 49224 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49224, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 49224 in October 2024, up by 36.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 49224, MI
How long does it take to sell a home in 49224, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -4.4% |
Summary: Homes in 49224 had an average of 30 days on market in Oct 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49224 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 49224; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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