Is 49347, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49347 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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

$214,500

$141/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$225,500(-51.2%)

Key Takeaway

Homes in 49347 have sold for 51.2% less than they did a month ago.

Summary: The median home sold price in 49347 was $214,500 in November 2024, down 51.2% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $295K$161K
-45.4%
3 $440K-
N/A
4 -$268K
N/A
5+ $565K-
N/A

Summary: 49347 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 decreased by 45.4%, 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

49347
-51.2%
49322
-56.0%

Housing Supply in 49347, MI

How many homes are available in 49347, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
74-42.9%

Summary: The 49347 real estate market had 4 homes for sale in November 2024, a 42.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 20
-100.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The 49347 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

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 November 2024, down by 33.3% month-over-month. Of the 2 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 2024Nov 2024CHANGE
75 Days32 Days-57.3%

Summary: Homes in 49347 had an average of 32 days on market in Nov 2024, down by 57.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times50%50%

Key Takeaway

Many homes in 49347 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 49347; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in 49347, MI

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