$1,947 Closing Credit*
$163,999
1,372 SqFt
3 Beds
•1 Full Bath
Jon Limbacher, Listing Office: Spieth & Satow Auctions & Real Estate
Is 49242, 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, 49242 has remained a Seller's Market.
Key Takeaway
49242 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49242, MI
How much do homes in 49242, MI cost?
Median Sold Price
$185,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,550(+9.1%)
Key Takeaway
Homes in 49242 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 49242 was $185,500 in November 2024, up 9.1% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $119.9K | -36.9% |
| 2 Bedrooms | $133.5K | $125K | -6.4% |
| 3 Bedrooms | $176.6K | $187.5K | +6.1% |
| 4 Bedrooms | $175K | $205.9K | +17.7% |
| 5+ Bedrooms | $173.5K | $201.7K | +16.3% |
Summary: 49242 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 16.3%.
Housing Supply in 49242, MI
How many homes are available in 49242, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 54 | -12.9% |
Summary: The 49242 real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 35 | 28 | -20.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 49242 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 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49242, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49242 in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for 49242, MI
How long does it take to sell a home in 49242, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 60 Days | +16.1% |
Summary: Homes in 49242 had an average of 60 days on market in Nov 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49242 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 49242; 9% of homes were sold within 30 days, 82% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.