$1,780 Closing Credit*
$149,900
1,233 SqFt
3 Beds
•1 Full Bath
Caramia Tasker, Listing Office: RE/MAX Perrett Associates
Is 49245, 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, 49245 has remained a Seller's Market.
Key Takeaway
49245 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49245, MI
How much do homes in 49245, MI cost?
Median Sold Price
$144,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,500(-8.0%)
Key Takeaway
Homes in 49245 have sold for 8% less than they did a year ago.
Summary: The median home sold price in 49245 was $144,000 in October 2024, down 8% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $110K | $130K | +18.2% |
| 3 Bedrooms | $150K | $155K | +3.3% |
| 4 Bedrooms | $220K | $132.5K | -39.8% |
| 5+ Bedrooms | $270K | - | N/A |
Summary: 49245 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 increased by 18.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 39.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49252 | $119K | $132.5K | +11.3% |
| 49092 | $150K | $162.4K | +8.3% |
| 49237 | $239K | $230K | -3.8% |
| 49245 | $156.5K | $144K | -8.0% |
Housing Supply in 49245, MI
How many homes are available in 49245, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The 49245 real estate market had 10 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49245 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49245, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49245 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 49245, MI
How long does it take to sell a home in 49245, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 3 Days | -26.7% |
Summary: Homes in 49245 had an average of 3 days on market in Oct 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49245 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49245; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
