Is 49330, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49330 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49330 has remained a Seller's Market.

Key Takeaway

49330 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49330, MI

How much do homes in 49330, MI cost?

Median Sold Price

$315,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,000(+16.2%)

Key Takeaway

Homes in 49330 have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in 49330 was $315,000 in October 2024, up 16.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139K-
N/A
2 $190K$218K
+14.7%
3 $265K$320K
+20.8%
4 $277K$319.9K
+15.5%
5+ $625K$717.5K
+14.8%

Summary: 49330 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

49330
+16.2%
49327
+9.5%
49345
-1.7%

Housing Supply in 49330, MI

How many homes are available in 49330, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2318-21.7%

Summary: The 49330 real estate market had 18 homes for sale in October 2024, a 21.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 85
-37.5%
4 1010
0.0%
5+ 33
0.0%

Summary: The 49330 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49330, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49330 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 49330, MI

How long does it take to sell a home in 49330, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days53 Days+665.7%

Summary: Homes in 49330 had an average of 53 days on market in Oct 2024, up by 665.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49330 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 49330; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

Newest Listings in 49330, MI

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