$4,619 Closing Credit*
$389,000
2,760 SqFt
5 Beds
•3 Full Baths
Ginger Baxter, Stacey Parm, Listing Office: Keller Williams GR North
Is 49404, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49404 was a Neutral Market.
Key Takeaway
49404 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49404, MI
How much do homes in 49404, MI cost?
Median Sold Price
$335,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,000(+10.9%)
Key Takeaway
Homes in 49404 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 49404 was $335,000 in October 2024, up 10.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $239.9K | -12.8% |
| 2 Bedrooms | $216K | $302K | +39.8% |
| 3 Bedrooms | $290K | $314K | +8.3% |
| 4 Bedrooms | $342.5K | $399.5K | +16.6% |
| 5+ Bedrooms | $360K | $500K | +38.9% |
Summary: 49404 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 38.9%.
Housing Supply in 49404, MI
How many homes are available in 49404, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The 49404 real estate market had 25 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 49404 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49404, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 49404 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 49404, MI
How long does it take to sell a home in 49404, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 13 Days | -8.0% |
Summary: Homes in 49404 had an average of 13 days on market in Oct 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49404 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49404; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
