$6,519 Closing Credit*
$549,000
2,280 SqFt
3 Beds
•3 Full Baths, 1 Partial
Bradley Schloss, Listing Office: Jaqua REALTORS
Is 49406, 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, 49406 has remained a Seller's 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
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$171,250(+36.3%)
Key Takeaway
Homes in 49406 have sold for 36.3% more than they did a year ago.
Summary: The median home sold price in 49406 was $642,500 in November 2024, up 36.3% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261.2K | $299.9K | +14.9% |
| 2 Bedrooms | $354K | $459.5K | +29.8% |
| 3 Bedrooms | $471.2K | $820.8K | +74.2% |
| 4 Bedrooms | $787K | $995K | +26.4% |
| 5+ Bedrooms | $870.7K | $1.0M | +19.2% |
Summary: 49406 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 74.2%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in 49406, MI
How many homes are available in 49406, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The 49406 real estate market had 16 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49406 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 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49406 in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +3.0% |
Summary: Homes in 49406 had an average of 29 days on market in Nov 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 4 homes were sold in 49406; 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.
