$3,147 Closing Credit*
$265,000
2,311 SqFt
3 Beds
•2 Full Baths
Jessica Powers, Listing Office: Key Realty One
Is 49285, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 49285 was a Seller's Market.
Key Takeaway
49285 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49285, MI
How much do homes in 49285, MI cost?
Median Sold Price
$310,000
$170/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$63,500(+25.8%)
Key Takeaway
Homes in 49285 have sold for 25.8% more than they did a month ago.
Summary: The median home sold price in 49285 was $310,000 in October 2024, up 25.8% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172K | - | N/A |
| 3 Bedrooms | $255K | $325K | +27.5% |
| 4 Bedrooms | $246.5K | - | N/A |
| 5+ Bedrooms | - | $295K | N/A |
Summary: 49285 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 27.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49259 | $72.9K | $352K | +382.4% |
| 49285 | $246.5K | $310K | +25.8% |
Housing Supply in 49285, MI
How many homes are available in 49285, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The 49285 real estate market had 25 homes for sale in October 2024, a 8.7% increase 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49285 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 14.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49285, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 49285 in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 42 Days | +96.5% |
Summary: Homes in 49285 had an average of 42 days on market in Oct 2024, up by 96.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49285 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 49285; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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