$4,156 Closing Credit*
$350,000
1,015 SqFt
2 Beds
•1 Full Bath
Laura J Durham, Listing Office: Mill Pond Realty
Is 49406, 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, 49406 was a Neutral Market.
Key Takeaway
49406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49406, MI
How much do homes in 49406, MI cost?
Median Sold Price
$642,500
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,500(+16.8%)
Key Takeaway
Homes in 49406 have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in 49406 was $642,500 in October 2024, up 16.8% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $324.9K | +46.1% |
| 2 Bedrooms | $405K | $449.5K | +11.0% |
| 3 Bedrooms | $471.2K | $870K | +84.6% |
| 4 Bedrooms | $805K | $795K | -1.2% |
| 5+ Bedrooms | $969K | $815K | -15.9% |
Summary: 49406 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 84.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 15.9%.
Housing Supply in 49406, MI
How many homes are available in 49406, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Summary: The 49406 real estate market had 13 homes for sale in October 2024, a 43.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 5 | -50.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49406 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 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49406, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49406 in October 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49406, MI
How long does it take to sell a home in 49406, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 28 Days | +700.0% |
Summary: Homes in 49406 had an average of 28 days on market in Oct 2024, up by 700% 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 49406 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49406; 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.
