$5,581 Closing Credit*
$470,000
2,681 SqFt
3 Beds
•2 Full Baths
Cindy Beckwith, Listing Office: Five Star Real Estate - Lansing
Is 49277, 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, 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
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+4.6%)
Key Takeaway
Homes in 49277 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 49277 was $260,000 in November 2024, up 4.6% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $89.9K | -41.2% |
| 2 Bedrooms | $144.5K | $165K | +14.2% |
| 3 Bedrooms | $287.5K | $257.5K | -10.4% |
| 4 Bedrooms | $304.2K | $265K | -12.9% |
| 5+ Bedrooms | $215K | $272.5K | +26.7% |
Summary: 49277 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 12.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The 49277 real estate market had 18 homes for sale in November 2024, a 28.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49277 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49277, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 49277 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 38 Days | +198.9% |
Summary: Homes in 49277 had an average of 38 days on market in Nov 2024, up by 198.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49277 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 49277; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.