$55,000
1.43 Acres
Land
Anissa Yoder, Listing Office: Key Realty One LLC - Summerfield
Is 49265, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 49265 has remained a Seller's Market.
Key Takeaway
49265 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49265, MI
How much do homes in 49265, MI cost?
Median Sold Price
$343,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,000(+14.7%)
Key Takeaway
Homes in 49265 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 49265 was $343,000 in November 2024, up 14.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $201.5K | $185K | -8.2% |
| 3 Bedrooms | $276.5K | $282.9K | +2.3% |
| 4 Bedrooms | $327K | $384.9K | +17.7% |
| 5+ Bedrooms | $476.5K | $680K | +42.7% |
Summary: 49265 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 8.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 42.7%.
Housing Supply in 49265, MI
How many homes are available in 49265, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The 49265 real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49265 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 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49265, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49265 in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 49265, MI
How long does it take to sell a home in 49265, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 148 Days | +162.8% |
Summary: Homes in 49265 had an average of 148 days on market in Nov 2024, up by 162.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49265 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in 49265; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
