$5,819 Closing Credit*
$490,000
3,164 SqFt
5 Beds
•2 Full Baths
Terry Gazaui, Listing Office: Brookstone, REALTORS®
Is 49229, 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, 49229 has remained a Seller's Market.
Key Takeaway
49229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49229, MI
How much do homes in 49229, MI cost?
Median Sold Price
$222,900
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,900(+1.3%)
Key Takeaway
Homes in 49229 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 49229 was $222,900 in October 2024, up 1.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | - | N/A |
| 3 Bedrooms | $200K | $199.9K | -0.1% |
| 4 Bedrooms | $291K | $249.9K | -14.1% |
| 5+ Bedrooms | $235K | - | N/A |
Summary: 49229 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 did not change, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.
Housing Supply in 49229, MI
How many homes are available in 49229, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The 49229 real estate market had 11 homes for sale in October 2024, a 15.4% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49229 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49229, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 49229 in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 49229, MI
How long does it take to sell a home in 49229, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 88 Days | +216.7% |
Summary: Homes in 49229 had an average of 88 days on market in Oct 2024, up by 216.7% 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 49229 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49229; 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.
