$55,900
0.21 Acres
Land
Kristie McCleary, Listing Office: Key Realty One LLC in Monroe
Is 49272, 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, 49272 has remained a Seller's Market.
Key Takeaway
49272 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49272, MI
How much do homes in 49272, MI cost?
Median Sold Price
$275,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,000(-7.4%)
Key Takeaway
Homes in 49272 have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in 49272 was $275,000 in November 2024, down 7.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $161K | +192.7% |
| 2 Bedrooms | $145K | $203K | +40.0% |
| 3 Bedrooms | $274K | $260K | -5.1% |
| 4 Bedrooms | $355K | $357.5K | +0.7% |
| 5+ Bedrooms | $357.4K | $510K | +42.7% |
Summary: 49272 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 192.7%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 42.7%.
Housing Supply in 49272, MI
How many homes are available in 49272, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Summary: The 49272 real estate market had 8 homes for sale in November 2024, a 42.9% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49272 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49272, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49272 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 49272, MI
How long does it take to sell a home in 49272, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 76 Days | +31.3% |
Summary: Homes in 49272 had an average of 76 days on market in Nov 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49272 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 49272; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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.