$2,434 Closing Credit*
$205,000
1,537 SqFt
3 Beds
•1 Full Bath
Alexis Mattison, Listing Office: Front Street Realty
Is 49238, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 49238 has remained a Seller's Market.
Key Takeaway
49238 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49238, MI
How much do homes in 49238, MI cost?
Median Sold Price
$188,500
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+6.8%)
Key Takeaway
Homes in 49238 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 49238 was $188,500 in November 2024, up 6.8% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $250K | -57.5% |
| 2 Bedrooms | $130K | $107.5K | -17.3% |
| 3 Bedrooms | $228K | $188.5K | -17.3% |
| 4 Bedrooms | $172K | $224.9K | +30.8% |
| 5+ Bedrooms | $200K | $229.9K | +14.9% |
Summary: 49238 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 49238, MI
How many homes are available in 49238, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The 49238 real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49238 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49238, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49238 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49238, MI
How long does it take to sell a home in 49238, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 11 Days | -21.4% |
Summary: Homes in 49238 had an average of 11 days on market in Nov 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49238 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 49238; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.