$4,049 Closing Credit*
$341,000
1,400 SqFt
3 Beds
•2 Full Baths
Barbara Groves, Listing Office: Coldwell Banker Groves 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 November 2023
At the same time last year, 49250 was a Seller's 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
$175,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+2.9%)
Key Takeaway
Homes in 49250 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 49250 was $175,000 in November 2024, up 2.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.3K | $142.5K | +84.3% |
| 2 Bedrooms | $125K | $137K | +9.6% |
| 3 Bedrooms | $187K | $214K | +14.4% |
| 4 Bedrooms | $189.9K | $168.5K | -11.3% |
| 5+ Bedrooms | $245K | $350K | +42.9% |
Summary: 49250 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Zip Codes
| 49242 | $169.9K | $185.5K | +9.1% |
| 49250 | $170K | $175K | +2.9% |
Housing Supply in 49250, MI
How many homes are available in 49250, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The 49250 real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 49250 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49250, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 49250 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 38 Days | -41.5% |
Summary: Homes in 49250 had an average of 38 days on market in Nov 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 4 homes were sold in 49250; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
