$3,918 Closing Credit*
$329,900
3,663 SqFt
5 Beds
•2 Full Baths, 1 Partial
Nicolette L Williams, Listing Office: Impact Real Estate
Is 49247, 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, 49247 was a Seller's Market.
Key Takeaway
49247 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49247, MI
How much do homes in 49247, MI cost?
Median Sold Price
$158,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,100(+2.0%)
Key Takeaway
Homes in 49247 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 49247 was $158,000 in November 2024, up 2% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.7K | $158K | -20.9% |
| 3 Bedrooms | $145K | $153K | +5.5% |
| 4 Bedrooms | $190K | $174.9K | -7.9% |
| 5+ Bedrooms | $227.5K | $29.9K | -86.9% |
Summary: 49247 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 86.9%.
Housing Supply in 49247, MI
How many homes are available in 49247, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 49247 real estate market had 17 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49247 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49247, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49247 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49247, MI
How long does it take to sell a home in 49247, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 65 Days | +15.7% |
Summary: Homes in 49247 had an average of 65 days on market in Nov 2024, up by 15.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49247 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 49247; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.