$6,352 Closing Credit*
$534,900
2,072 SqFt
4 Beds
•2 Full Baths
Skylar Harris, Listing Office: The Brokerage House
Is 49240, 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, 49240 has remained a Seller's Market.
Key Takeaway
49240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49240, MI
How much do homes in 49240, MI cost?
Median Sold Price
$339,900
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100(0%)
Key Takeaway
The sold price of homes in 49240 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $221K | N/A |
| 2 Bedrooms | $186K | $161.3K | -13.2% |
| 3 Bedrooms | $335K | $324K | -3.3% |
| 4 Bedrooms | $420K | $470K | +11.9% |
| 5+ Bedrooms | $480K | $427K | -11.0% |
Summary: 49240 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 decreased by 13.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 11%.
Housing Supply in 49240, MI
How many homes are available in 49240, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The 49240 real estate market had 34 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 49240 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 7 | -53.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49240, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 49240 in October 2024, down by 53.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for 49240, MI
How long does it take to sell a home in 49240, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 29 Days | +23.8% |
Summary: Homes in 49240 had an average of 29 days on market in Oct 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49240 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 49240; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
