Is 49338, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49338 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 49338 was a Seller's Market.

Key Takeaway

49338 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49338, MI

How much do homes in 49338, MI cost?

Median Sold Price

$685,000

$185/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$343,000(+100.3%)

Key Takeaway

Homes in 49338 have sold for 100.3% more than they did a month ago.

Summary: The median home sold price in 49338 was $685,000 in November 2024, up 100.3% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $110K-
N/A
3 $342K-
N/A
4 $355K-
N/A
5+ -$685K
N/A

Summary: 49338 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49338
+100.3%
49639
-49.0%

Housing Supply in 49338, MI

How many homes are available in 49338, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
990.0%

Summary: The 49338 real estate market had 9 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 56
+20.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 49338 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 decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49338, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 49338 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49338, MI

How long does it take to sell a home in 49338, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days7 Days-87.0%

Summary: Homes in 49338 had an average of 7 days on market in Nov 2024, down by 87% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49338 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 49338; 100% of homes were sold within 30 days, 0% 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 3 Days Ago

Newest Listings in 49338, MI

Nearby Markets to 49338, MI