Is 49410, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49410 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 49410 was a Buyer's Market.

Key Takeaway

49410 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 49410, MI

How much do homes in 49410, MI cost?

Median Sold Price

$253,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$95,250(+60.2%)

Key Takeaway

Homes in 49410 have sold for 60.2% more than they did a year ago.

Summary: The median home sold price in 49410 was $253,500 in November 2024, up 60.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $45K-
N/A
2 $100K$147.5K
+47.5%
3 $275K$258.5K
-6.0%
4 $315K$336.2K
+6.7%
5+ -$447.5K
N/A

Summary: 49410 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49410
+60.2%
49402
+21.1%

Housing Supply in 49410, MI

How many homes are available in 49410, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The 49410 real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 45
+25.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The 49410 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 20%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49410, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 49410 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 49410, MI

How long does it take to sell a home in 49410, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
112 Days44 Days-60.3%

Summary: Homes in 49410 had an average of 44 days on market in Nov 2024, down by 60.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49410 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 49410; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 49410, MI

Nearby Markets to 49410, MI