$599,000
66.92 Acres
Land
#50132269, Jonathan Minerick, Listing Office: HomeCoin.com
Is 49238, 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, 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
$165,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,000(-9.3%)
Key Takeaway
Homes in 49238 have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in 49238 was $165,000 in October 2024, down 9.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $250K | -57.5% |
| 2 Bedrooms | $119K | $135K | +13.4% |
| 3 Bedrooms | $205K | $170.5K | -16.8% |
| 4 Bedrooms | $185K | $224.9K | +21.6% |
| 5+ Bedrooms | $200K | $229.9K | +14.9% |
Summary: 49238 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes increased by 21.6%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The 49238 real estate market had 3 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 49238 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 increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 49238 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 418 Days | +1641.7% |
Summary: Homes in 49238 had an average of 418 days on market in Oct 2024, up by 1641.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 49238 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 49238; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.