$10,000 Closing Credit*
$990,000
2,500 SqFt
4 Beds
•3 Full Baths, 1 Partial
Timothy Quinn, Listing Office: Century 21 Affiliated
Is 49270, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49270 has remained a Seller's Market.
Key Takeaway
49270 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49270, MI
How much do homes in 49270, MI cost?
Median Sold Price
$296,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,450(+37.2%)
Key Takeaway
Homes in 49270 have sold for 37.2% more than they did a year ago.
Summary: The median home sold price in 49270 was $296,500 in October 2024, up 37.2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $675K | +694.1% |
| 2 Bedrooms | $169.4K | $217K | +28.1% |
| 3 Bedrooms | $214K | $292.2K | +36.5% |
| 4 Bedrooms | $332.5K | $350K | +5.3% |
| 5+ Bedrooms | $925K | $540K | -41.6% |
Summary: 49270 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 694.1%, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 36.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 41.6%.
Median Sold Price Compared To Nearby Zip Codes
| 49270 | $216K | $296.5K | +37.2% |
| 48131 | $291K | $275K | -5.5% |
| 49238 | $182K | $165K | -9.3% |
Housing Supply in 49270, MI
How many homes are available in 49270, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The 49270 real estate market had 18 homes for sale in October 2024, a 50.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49270 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
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 49270, 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 49270 in October 2024, up by 300.0% 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 49270, MI
How long does it take to sell a home in 49270, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +71.6% |
Summary: Homes in 49270 had an average of 31 days on market in Oct 2024, up by 71.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49270 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49270; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
