$8,905 Closing Credit*
$749,900
4,436 SqFt
5 Beds
•3 Full Baths, 1 Partial
Brandon R Culbertson, Brandon Hamilton, Listing Office: Michigan Top Producers
Is 49315, 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, 49315 has remained a Seller's Market.
Key Takeaway
49315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49315, MI
How much do homes in 49315, MI cost?
Median Sold Price
$452,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,600(+12.3%)
Key Takeaway
Homes in 49315 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 49315 was $452,000 in October 2024, up 12.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319K | $424.9K | +33.2% |
| 2 Bedrooms | $271.7K | $315K | +15.9% |
| 3 Bedrooms | $355K | $400.5K | +12.8% |
| 4 Bedrooms | $479.9K | $500K | +4.2% |
| 5+ Bedrooms | $587.2K | $643.7K | +9.6% |
Summary: 49315 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in 49315, MI
How many homes are available in 49315, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 141 | -1.4% |
Summary: The 49315 real estate market had 141 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 44 | 38 | -13.6% |
| 4 Bedrooms | 49 | 48 | -2.0% |
| 5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The 49315 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49315, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 49315 in October 2024, down by 2.7% month-over-month. Of the 36 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for 49315, MI
How long does it take to sell a home in 49315, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +29.9% |
Summary: Homes in 49315 had an average of 33 days on market in Oct 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49315 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 49315; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
