Is 49267, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49267 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 49267 was a Seller's Market.

Key Takeaway

49267 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 49267, MI

How much do homes in 49267, MI cost?

Median Sold Price

$218,300

$184/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$21,700(-9.0%)

Key Takeaway

Homes in 49267 have sold for 9% less than they did a month ago.

Summary: The median home sold price in 49267 was $218,300 in November 2024, down 9% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $153.8K-
N/A
3 $235K$218.3K
-7.1%
4 $285K-
N/A
5+ $637.5K-
N/A

Summary: 49267 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 7.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49267, MI

How many homes are available in 49267, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1512-20.0%

Summary: The 49267 real estate market had 12 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 56
+20.0%
4 43
-25.0%
5+ 32
-33.3%

Summary: The 49267 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 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49267, 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 49267 in November 2024, down by 60.0% 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 49267, MI

How long does it take to sell a home in 49267, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
31 Days11 Days-63.4%

Summary: Homes in 49267 had an average of 11 days on market in Nov 2024, down by 63.4% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49267 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 49267; 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.

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

Report Updated 22 Days Ago

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