$85,000
1.31 Acres
Land
Kirt Stevens, Listing Office: Keller Williams GR North
Is 49341, 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, 49341 has remained a Seller's Market.
Key Takeaway
49341 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49341, MI
How much do homes in 49341, MI cost?
Median Sold Price
$435,562
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,562(+2.5%)
Key Takeaway
Homes in 49341 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 49341 was $435,562 in November 2024, up 2.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $353K | +0.9% |
| 2 Bedrooms | $280K | $284.5K | +1.6% |
| 3 Bedrooms | $375K | $379K | +1.1% |
| 4 Bedrooms | $450.7K | $464.9K | +3.1% |
| 5+ Bedrooms | $595.4K | $576.2K | -3.2% |
Summary: 49341 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 49341, MI
How many homes are available in 49341, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 115 | -14.2% |
Summary: The 49341 real estate market had 115 homes for sale in November 2024, a 14.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 46 | 41 | -10.9% |
| 4 Bedrooms | 62 | 53 | -14.5% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The 49341 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49341, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 49341 in November 2024, down by 23.7% month-over-month. Of the 29 sold homes, 48% were sold under asking, 34% were sold at asking, and 17% were sold over asking.
Days on Market for 49341, MI
How long does it take to sell a home in 49341, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 49 Days | +97.4% |
Summary: Homes in 49341 had an average of 49 days on market in Nov 2024, up by 97.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49341 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 49341; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
