$2,789 Closing Credit*
$234,900
2,698 SqFt
5 Beds
•3 Full Baths
Christopher Powers, Crystal Powers, Listing Office: eXp Realty, LLC
Is 49283, 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, 49283 has remained a Seller's Market.
Key Takeaway
49283 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49283, MI
How much do homes in 49283, MI cost?
Median Sold Price
$269,750
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,250(-5.4%)
Key Takeaway
Homes in 49283 have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in 49283 was $269,750 in October 2024, down 5.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165.5K | $170K | +2.7% |
| 3 Bedrooms | $285K | $255K | -10.5% |
| 4 Bedrooms | $323.2K | $332.5K | +2.9% |
| 5+ Bedrooms | $319K | $478.5K | +50.0% |
Summary: 49283 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 50%.
Housing Supply in 49283, MI
How many homes are available in 49283, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The 49283 real estate market had 14 homes for sale in October 2024, a 22.2% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49283 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 decreased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49283, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49283 in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 49283, MI
How long does it take to sell a home in 49283, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 126 Days | 37 Days | -70.0% |
Summary: Homes in 49283 had an average of 37 days on market in Oct 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49283 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 49283; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
