$2,244 Closing Credit*
$189,000
936 SqFt
2 Beds
•1 Full Bath
Joni McArthur, Listing Office: EXP Realty (Grand Rapids)
Is 49326, 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, 49326 has remained a Seller's Market.
Key Takeaway
49326 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49326, MI
How much do homes in 49326, MI cost?
Median Sold Price
$302,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,750(+39.0%)
Key Takeaway
Homes in 49326 have sold for 39% more than they did a year ago.
Summary: The median home sold price in 49326 was $302,000 in October 2024, up 39% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.5K | $300K | +124.7% |
| 2 Bedrooms | $180K | $320K | +77.8% |
| 3 Bedrooms | $239K | $262.5K | +9.8% |
| 4 Bedrooms | $244K | $369.9K | +51.6% |
| 5+ Bedrooms | - | $389.2K | N/A |
Summary: 49326 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 124.7%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 51.6%, and 5+ bedroom homes did not change.
Housing Supply in 49326, MI
How many homes are available in 49326, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The 49326 real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 49326 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49326, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49326 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 49326, MI
How long does it take to sell a home in 49326, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 17 Days | +51.4% |
Summary: Homes in 49326 had an average of 17 days on market in Oct 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49326 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49326; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
