$8,906 Closing Credit*
$750,000
1,786 SqFt
3 Beds
•2 Full Baths, 1 Partial
Luke Scott Bouman, Listing Office: HomeRealty Holland
Is 49408, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49408 has remained a Seller's Market.
Key Takeaway
49408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49408, MI
How much do homes in 49408, MI cost?
Median Sold Price
$304,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$51,000(-14.4%)
Key Takeaway
Homes in 49408 have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in 49408 was $304,000 in October 2024, down 14.4% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $724K | $159K | -78.0% |
| 2 Bedrooms | $350K | $274.5K | -21.6% |
| 3 Bedrooms | $315K | $271.5K | -13.8% |
| 4 Bedrooms | $455K | $402K | -11.6% |
| 5+ Bedrooms | $859K | $535K | -37.7% |
Summary: 49408 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 37.7%.
Housing Supply in 49408, MI
How many homes are available in 49408, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The 49408 real estate market had 45 homes for sale in October 2024, a 7.1% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 17 | 24 | +41.2% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 49408 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 10%, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 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 49408, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 49408 in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49408, MI
How long does it take to sell a home in 49408, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -2.2% |
Summary: Homes in 49408 had an average of 31 days on market in Oct 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49408 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 49408; 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.
