$9,797 Closing Credit*
$825,000
2,753 SqFt
5 Beds
•3 Full Baths, 1 Partial
Ryan M Prichard, Listing Office: Blue Beacon Realty
Is 49401, 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, 49401 has remained a Seller's Market.
Key Takeaway
49401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49401, MI
How much do homes in 49401, MI cost?
Median Sold Price
$415,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+12.2%)
Key Takeaway
Homes in 49401 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 49401 was $415,000 in November 2024, up 12.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $317.5K | -11.8% |
| 2 Bedrooms | $344K | $360K | +4.7% |
| 3 Bedrooms | $359.9K | $380K | +5.6% |
| 4 Bedrooms | $365.7K | $425K | +16.2% |
| 5+ Bedrooms | $444K | $542.4K | +22.2% |
Summary: 49401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 49401, MI
How many homes are available in 49401, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 70 | -23.1% |
Summary: The 49401 real estate market had 70 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 29 | 23 | -20.7% |
| 4 Bedrooms | 43 | 33 | -23.3% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The 49401 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 decreased by 40%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 15 | -46.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49401, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 49401 in November 2024, down by 46.4% month-over-month. Of the 15 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 49401, MI
How long does it take to sell a home in 49401, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +86.0% |
Summary: Homes in 49401 had an average of 45 days on market in Nov 2024, up by 86% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49401 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 49401; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
