$1,459 Closing Credit*
$122,900
1,932 SqFt
4 Beds
•1 Full Bath, 1 Partial
Bryan Playford, Listing Office: Playford Real Estate
Is 49250, 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, 49250 has remained a Neutral Market.
Key Takeaway
49250 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49250, MI
How much do homes in 49250, MI cost?
Median Sold Price
$173,500
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.9%)
Key Takeaway
Homes in 49250 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 49250 was $173,500 in October 2024, down 0.9% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $77.3K | -9.0% |
| 2 Bedrooms | $125K | $130K | +4.0% |
| 3 Bedrooms | $185K | $214.5K | +15.9% |
| 4 Bedrooms | $197.4K | $178.5K | -9.6% |
| 5+ Bedrooms | $235K | $322.5K | +37.2% |
Summary: 49250 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 37.2%.
Median Sold Price Compared To Nearby Zip Codes
| 49242 | $158K | $187K | +18.4% |
| 49252 | $119K | $132.5K | +11.3% |
| 49250 | $175K | $173.5K | -0.9% |
Housing Supply in 49250, MI
How many homes are available in 49250, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The 49250 real estate market had 26 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 49250 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 30%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49250, 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 49250 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 49250, MI
How long does it take to sell a home in 49250, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 77 Days | +226.4% |
Summary: Homes in 49250 had an average of 77 days on market in Oct 2024, up by 226.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49250 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 49250; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.