$5,105 Closing Credit*
$429,900
2,396 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michelle Davis, Listing Office: RE/MAX Masters
Is 49277, 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, 49277 has remained a Seller's Market.
Key Takeaway
49277 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49277, MI
How much do homes in 49277, MI cost?
Median Sold Price
$260,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+15.0%)
Key Takeaway
Homes in 49277 have sold for 15% more than they did a year ago.
Summary: The median home sold price in 49277 was $260,000 in October 2024, up 15% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $89.9K | -41.2% |
| 2 Bedrooms | $155K | $152.5K | -1.6% |
| 3 Bedrooms | $267K | $257.5K | -3.6% |
| 4 Bedrooms | $283.5K | $265K | -6.5% |
| 5+ Bedrooms | $215K | $272.5K | +26.7% |
Summary: 49277 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 26.7%.
Housing Supply in 49277, MI
How many homes are available in 49277, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The 49277 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49277 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49277, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 49277 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 49277, MI
How long does it take to sell a home in 49277, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +11.5% |
Summary: Homes in 49277 had an average of 34 days on market in Oct 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49277 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49277; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.