$3,147 Closing Credit*
$265,000
1,200 SqFt
3 Beds
•2 Full Baths
Desiree Thomas, Listing Office: Century 21 Affiliated
Is 49242, 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, 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
$187,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+18.4%)
Key Takeaway
Homes in 49242 have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in 49242 was $187,000 in October 2024, up 18.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.2K | $176.4K | +74.3% |
| 2 Bedrooms | $119.9K | $125K | +4.3% |
| 3 Bedrooms | $160.2K | $190K | +18.6% |
| 4 Bedrooms | $185K | $195K | +5.4% |
| 5+ Bedrooms | $173.5K | $265K | +52.7% |
Summary: 49242 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 52.7%.
Housing Supply in 49242, MI
How many homes are available in 49242, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 62 | +3.3% |
Summary: The 49242 real estate market had 62 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 49242 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 5.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49242, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 49242 in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 91 Days | +245.3% |
Summary: Homes in 49242 had an average of 91 days on market in Oct 2024, up by 245.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49242 has remained consistent over time.
Summary: During October 2024, 12 homes were sold in 49242; 8% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
