$4,334 Closing Credit*
$365,000
3 Beds
•2 Full Baths
Teri Aiuto, Listing Office: Manchester Real Estate LLC
Is 49240, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49240 was a Seller's Market.
Key Takeaway
49240 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49240, MI
How much do homes in 49240, MI cost?
Median Sold Price
$339,900
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.5%)
Key Takeaway
Homes in 49240 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 49240 was $339,900 in November 2024, up 1.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $160.5K | -51.4% |
| 2 Bedrooms | $192K | $150K | -21.9% |
| 3 Bedrooms | $332.5K | $310.4K | -6.6% |
| 4 Bedrooms | $420K | $470K | +11.9% |
| 5+ Bedrooms | $480K | $493K | +2.7% |
Summary: 49240 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.4%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in 49240, MI
How many homes are available in 49240, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The 49240 real estate market had 34 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49240 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 16.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49240, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49240 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 68 Days | +208.6% |
Summary: Homes in 49240 had an average of 68 days on market in Nov 2024, up by 208.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 49240 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 49240; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
