$3,194 Closing Credit*
$269,000
1,368 SqFt
3 Beds
•1 Full Bath
Judy Billings, Listing Office: Five Star Real Estate-Holland
Is 49408, 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, 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
$321,450
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$31,050(-8.8%)
Key Takeaway
Homes in 49408 have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in 49408 was $321,450 in November 2024, down 8.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $724K | $159K | -78.0% |
| 2 Bedrooms | $375K | $274.5K | -26.8% |
| 3 Bedrooms | $310K | $274K | -11.6% |
| 4 Bedrooms | $462.6K | $448.2K | -3.1% |
| 5+ Bedrooms | $769.5K | $725K | -5.8% |
Summary: 49408 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78%, 2 bedroom homes decreased by 26.8%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 49408, MI
How many homes are available in 49408, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Summary: The 49408 real estate market had 42 homes for sale in November 2024, a 10.6% 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 | 10 | 10 | 0.0% |
| 3 Bedrooms | 23 | 17 | -26.1% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The 49408 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 remained the same, 3 bedroom homes decreased by 26.1%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 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 49408, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49408 in November 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 32 Days | -24.3% |
Summary: Homes in 49408 had an average of 32 days on market in Nov 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49408 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 49408; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
