Is 49328, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49328 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49328 has remained a Seller's Market.

Key Takeaway

49328 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49328, MI

How much do homes in 49328, MI cost?

Median Sold Price

$280,000

$272/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$5,550(-1.9%)

Key Takeaway

Homes in 49328 have sold for 1.9% less than they did a month ago.

Summary: The median home sold price in 49328 was $280,000 in November 2024, down 1.9% from last month, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$262K
N/A
2 --
N/A
3 $340.5K$330K
-3.1%
4 $230.6K$280K
+21.4%
5+ --
N/A

Summary: 49328 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes did not change.

Housing Supply in 49328, MI

How many homes are available in 49328, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The 49328 real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 00
0.0%
3 33
0.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The 49328 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49328, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 49328 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 49328, MI

How long does it take to sell a home in 49328, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
12 Days24 Days+97.3%

Summary: Homes in 49328 had an average of 24 days on market in Nov 2024, up by 97.3% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49328 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 49328; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 49328, MI

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