$5,320 Closing Credit*
$448,000
1,724 SqFt
4 Beds
•3 Full Baths, 1 Partial
Christopher A Linda, Listing Office: Icon Realty Group LLC
Is 49341, 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, 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
$430,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.2%)
Key Takeaway
Homes in 49341 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 49341 was $430,000 in October 2024, up 1.2% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $353K | +0.9% |
| 2 Bedrooms | $269.5K | $275K | +2.0% |
| 3 Bedrooms | $372.5K | $375.4K | +0.8% |
| 4 Bedrooms | $450K | $470K | +4.4% |
| 5+ Bedrooms | $588K | $613K | +4.3% |
Summary: 49341 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 49341, MI
How many homes are available in 49341, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 131 | -5.8% |
Summary: The 49341 real estate market had 131 homes for sale in October 2024, a 5.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 58 | 59 | +1.7% |
| 5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The 49341 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 12.5%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 34 | -30.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49341, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 49341 in October 2024, down by 30.6% month-over-month. Of the 34 sold homes, 56% were sold under asking, 15% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 51 Days | +99.4% |
Summary: Homes in 49341 had an average of 51 days on market in Oct 2024, up by 99.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 34 homes were sold in 49341; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
