$1,661 Closing Credit*
$139,900
840 SqFt
2 Beds
•1 Full Bath
Blake Jenkins, Listing Office: CENTURY 21 Affiliated
Is 49232, 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, 49232 has remained a Seller's Market.
Key Takeaway
49232 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49232, MI
How much do homes in 49232, MI cost?
Median Sold Price
$254,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+17.6%)
Key Takeaway
Homes in 49232 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 49232 was $254,000 in October 2024, up 17.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $159K | $195K | +22.6% |
| 3 Bedrooms | $216K | $264.5K | +22.5% |
| 4 Bedrooms | $275.4K | $175K | -36.5% |
| 5+ Bedrooms | $175K | $446.2K | +155.0% |
Summary: 49232 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 22.6%, 3 bedroom homes increased by 22.5%, 4 bedroom homes decreased by 36.5%, and 5+ bedroom homes increased by 155%.
Housing Supply in 49232, MI
How many homes are available in 49232, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The 49232 real estate market had 15 homes for sale in October 2024, a 15.4% 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 | 9 | 10 | +11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49232 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 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49232, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49232 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 49232, MI
How long does it take to sell a home in 49232, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 71 Days | +231.4% |
Summary: Homes in 49232 had an average of 71 days on market in Oct 2024, up by 231.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49232 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49232; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
