$2,374 Closing Credit*
$199,900
1,064 SqFt
2 Beds
•1 Full Bath
Marisa Douglas, Listing Office: Honeybee Realty
Is 49347, 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, 49347 has remained a Seller's Market.
Key Takeaway
49347 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49347, MI
How much do homes in 49347, MI cost?
Median Sold Price
$305,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,500(+10.3%)
Key Takeaway
Homes in 49347 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 49347 was $305,000 in October 2024, up 10.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47K | - | N/A |
| 2 Bedrooms | $306K | $189.9K | -37.9% |
| 3 Bedrooms | $283.9K | $315K | +10.9% |
| 4 Bedrooms | $210K | $440K | +109.5% |
| 5+ Bedrooms | $257K | $565K | +119.8% |
Summary: 49347 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 decreased by 37.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 109.5%, and 5+ bedroom homes increased by 119.8%.
Housing Supply in 49347, MI
How many homes are available in 49347, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The 49347 real estate market had 6 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49347 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49347, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49347 in October 2024, the same as the previous 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 49347, MI
How long does it take to sell a home in 49347, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 101 Days | +1583.3% |
Summary: Homes in 49347 had an average of 101 days on market in Oct 2024, up by 1583.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49347 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in 49347; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
