$160,000
47.26 Acres
Land
Blake Kenneth VerWoert, Listing Office: Wildlife Realty
Is 49305, 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, 49305 has remained a Seller's Market.
Key Takeaway
49305 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49305, MI
How much do homes in 49305, MI cost?
Median Sold Price
$142,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,500(+22.8%)
Key Takeaway
Homes in 49305 have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in 49305 was $142,500 in October 2024, up 22.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $100K | +42.9% |
| 2 Bedrooms | $111.5K | $140.2K | +25.8% |
| 3 Bedrooms | $115.5K | $162K | +40.3% |
| 4 Bedrooms | $197.4K | $186K | -5.8% |
| 5+ Bedrooms | $280K | - | N/A |
Summary: 49305 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 40.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49342 | $149.2K | $392K | +162.7% |
| 49305 | $116K | $142.5K | +22.8% |
| 49332 | $168K | $182.5K | +8.6% |
Housing Supply in 49305, MI
How many homes are available in 49305, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Summary: The 49305 real estate market had 16 homes for sale in October 2024, a 23.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49305 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49305, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 49305 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 49305, MI
How long does it take to sell a home in 49305, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 67 Days | +370.2% |
Summary: Homes in 49305 had an average of 67 days on market in Oct 2024, up by 370.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49305 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 49305; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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