$2,007 Closing Credit*
$169,000
1,044 SqFt
3 Beds
•1 Full Bath
Robert Fox, Listing Office: Howard Hanna Real Estate Services-Tecumseh
Is 49286, 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, 49286 has remained a Seller's Market.
Key Takeaway
49286 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49286, MI
How much do homes in 49286, MI cost?
Median Sold Price
$253,300
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,700(-1.4%)
Key Takeaway
Homes in 49286 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 49286 was $253,300 in October 2024, down 1.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $207K | $209K | +1.0% |
| 3 Bedrooms | $240K | $250K | +4.2% |
| 4 Bedrooms | $289.9K | $258.5K | -10.8% |
| 5+ Bedrooms | $360K | $372.5K | +3.5% |
Summary: 49286 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 1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Zip Codes
| 49229 | $220K | $222.9K | +1.3% |
| 49221 | $185K | $187K | +1.1% |
| 49286 | $257K | $253.3K | -1.4% |
Housing Supply in 49286, MI
How many homes are available in 49286, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 70 | +7.7% |
Summary: The 49286 real estate market had 70 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 49286 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 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
13 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 49286, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 49286 in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% were sold over asking.
Days on Market for 49286, MI
How long does it take to sell a home in 49286, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 60 Days | -10.6% |
Summary: Homes in 49286 had an average of 60 days on market in Oct 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49286 has remained consistent over time.
Summary: During October 2024, 16 homes were sold in 49286; 31% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
