$4,453 Closing Credit*
$375,000
1,395 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ellen Foster, Listing Office: My Realty LLC
Is 49251, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49251 was a Seller's Market.
Key Takeaway
49251 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49251, MI
How much do homes in 49251, MI cost?
Median Sold Price
$251,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,000(+28.7%)
Key Takeaway
Homes in 49251 have sold for 28.7% more than they did a year ago.
Summary: The median home sold price in 49251 was $251,000 in October 2024, up 28.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $271K | N/A |
| 2 Bedrooms | $137.5K | $130K | -5.5% |
| 3 Bedrooms | $181K | $242K | +33.7% |
| 4 Bedrooms | $237.5K | $335.4K | +41.2% |
| 5+ Bedrooms | $158.4K | $452.5K | +185.7% |
Summary: 49251 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 5.5%, 3 bedroom homes increased by 33.7%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 185.7%.
Median Sold Price Compared To Nearby Zip Codes
| 49251 | $195K | $251K | +28.7% |
| 49264 | $235K | $290K | +23.4% |
| 49277 | $226K | $260K | +15.0% |
| 49272 | $277K | $275K | -0.7% |
Housing Supply in 49251, MI
How many homes are available in 49251, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The 49251 real estate market had 24 homes for sale in October 2024, a 7.7% decrease 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 | 16 | 12 | -25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49251 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 decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49251, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 49251 in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 49251, MI
How long does it take to sell a home in 49251, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 5 Days | -79.9% |
Summary: Homes in 49251 had an average of 5 days on market in Oct 2024, down by 79.9% compared to last year.
Breakdown of Home Sale Times
2 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 49251 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 49251; 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.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.