Is 49256, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49256 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49256 has remained a Seller's Market.

Key Takeaway

49256 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49256, MI

How much do homes in 49256, MI cost?

Median Sold Price

$146,500

$116/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$1,500(+1.0%)

Key Takeaway

Homes in 49256 have sold for 1% more than they did a month ago.

Summary: The median home sold price in 49256 was $146,500 in November 2024, up 1% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $9K-
N/A
2 $145K-
N/A
3 $140K$136K
-2.9%
4 $172.5K-
N/A
5+ -$860K
N/A

Summary: 49256 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49235
+52.0%
43521
+2.4%
49256
+1.0%

Housing Supply in 49256, MI

How many homes are available in 49256, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2625-3.8%

Summary: The 49256 real estate market had 25 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 22
0.0%
3 1617
+6.3%
4 32
-33.3%
5+ 33
0.0%

Summary: The 49256 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 remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49256, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 49256 in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 49256, MI

How long does it take to sell a home in 49256, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
43 Days64 Days+49.2%

Summary: Homes in 49256 had an average of 64 days on market in Nov 2024, up by 49.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 49256 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in 49256; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 49256, MI

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