$1,007 Closing Credit*
$84,800
1,080 SqFt
3 Beds
•2 Full Baths
Scott Fader, Listing Office: Joseph Walter Realty, LLC
Is 49285, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49285 was a Seller's Market.
Key Takeaway
49285 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49285, MI
How much do homes in 49285, MI cost?
Median Sold Price
$275,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,500(+8.9%)
Key Takeaway
Homes in 49285 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 49285 was $275,000 in November 2024, up 8.9% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139K | $278K | +100.0% |
| 3 Bedrooms | $252.4K | $255.5K | +1.2% |
| 4 Bedrooms | $262K | $289K | +10.3% |
| 5+ Bedrooms | $276K | $297K | +7.6% |
Summary: 49285 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in 49285, MI
How many homes are available in 49285, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The 49285 real estate market had 20 homes for sale in November 2024, a 4.8% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49285 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 increased by 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49285, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 49285 in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 49285, MI
How long does it take to sell a home in 49285, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 7 Days | -76.6% |
Summary: Homes in 49285 had an average of 7 days on market in Nov 2024, down by 76.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49285 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 49285; 100% of homes were sold within 30 days, 0% 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.