$4,750 Closing Credit*
$400,000
968 SqFt
4 Beds
•2 Full Baths
Annette Scoville, Listing Office: Coldwell Banker Groves Real Estate
Is 49246, 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, 49246 has remained a Seller's Market.
Key Takeaway
49246 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49246, MI
How much do homes in 49246, MI cost?
Median Sold Price
$350,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.9%)
Key Takeaway
Homes in 49246 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 49246 was $350,000 in October 2024, up 2.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $158K | -61.5% |
| 3 Bedrooms | $281K | $385K | +37.0% |
| 4 Bedrooms | $225K | $347.5K | +54.4% |
| 5+ Bedrooms | $600K | $392.5K | -34.6% |
Summary: 49246 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 61.5%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 54.4%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Zip Codes
| 49249 | $229.9K | $263K | +14.4% |
| 49246 | $340K | $350K | +2.9% |
| 49283 | $285K | $269.7K | -5.4% |
Housing Supply in 49246, MI
How many homes are available in 49246, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Summary: The 49246 real estate market had 22 homes for sale in October 2024, a 37.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49246 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49246, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 49246 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 49246, MI
How long does it take to sell a home in 49246, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 60 Days | +3.4% |
Summary: Homes in 49246 had an average of 60 days on market in Oct 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49246 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 49246; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.