Is 49346, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49346 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 49346 was a Seller's Market.

Key Takeaway

49346 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 49346, MI

How much do homes in 49346, MI cost?

Median Sold Price

$309,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,100(+6.6%)

Key Takeaway

Homes in 49346 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 49346 was $309,000 in November 2024, up 6.6% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$185K
N/A
2 $198.9K$210K
+5.6%
3 $285K$275K
-3.5%
4 $350.6K$420K
+19.8%
5+ $365K$437.5K
+19.9%

Summary: 49346 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 19.9%.

Median Sold Price Compared To Nearby Zip Codes

49332
+7.7%
49346
+6.6%
49336
-2.8%
49307
-4.2%

Housing Supply in 49346, MI

How many homes are available in 49346, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6862-8.8%

Summary: The 49346 real estate market had 62 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 3734
-8.1%
4 1915
-21.1%
5+ 89
+12.5%

Summary: The 49346 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 decreased by 8.1%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49346, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 49346 in November 2024, down by 44.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for 49346, MI

How long does it take to sell a home in 49346, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days26 Days-9.4%

Summary: Homes in 49346 had an average of 26 days on market in Nov 2024, down by 9.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49346 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 49346; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

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