$7,422 Closing Credit*
$625,000
2,610 SqFt
3 Beds
•3 Full Baths
Jenny Bergs, Eric L DeVries, Listing Office: Keller Williams GR East
Is 49315, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$446,714
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,380(+11.0%)
Key Takeaway
Homes in 49315 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 49315 was $446,714 in November 2024, up 11% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $424.9K | +51.7% |
| 2 Bedrooms | $271.7K | $315K | +15.9% |
| 3 Bedrooms | $350K | $404.8K | +15.7% |
| 4 Bedrooms | $481.4K | $498.5K | +3.6% |
| 5+ Bedrooms | $589.6K | $617.5K | +4.7% |
Summary: 49315 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 49315, MI
How many homes are available in 49315, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 115 | -18.4% |
Summary: The 49315 real estate market had 115 homes for sale in November 2024, a 18.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 25 | 19 | -24.0% |
| 3 Bedrooms | 39 | 32 | -17.9% |
| 4 Bedrooms | 48 | 37 | -22.9% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The 49315 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 24%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 29 | -25.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49315, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 49315 in November 2024, down by 25.6% month-over-month. Of the 29 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 53 Days | +75.1% |
Summary: Homes in 49315 had an average of 53 days on market in Nov 2024, up by 75.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 29 homes were sold in 49315; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.