$3,266 Closing Credit*
$275,000
1,407 SqFt
3 Beds
•2 Full Baths
Faune Benson-Schuitema, Listing Office: Five Star Real Estate-Rockford
Is 49412, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49412 was a Seller's Market.
Key Takeaway
49412 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49412, MI
How much do homes in 49412, MI cost?
Median Sold Price
$225,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+4.9%)
Key Takeaway
Homes in 49412 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 49412 was $225,000 in November 2024, up 4.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102.4K | N/A |
| 2 Bedrooms | $171.5K | $188K | +9.6% |
| 3 Bedrooms | $200K | $221.5K | +10.8% |
| 4 Bedrooms | $279.9K | $299.7K | +7.1% |
| 5+ Bedrooms | $300K | $177.5K | -40.8% |
Summary: 49412 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 9.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 40.8%.
Housing Supply in 49412, MI
How many homes are available in 49412, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The 49412 real estate market had 47 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 49412 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49412, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49412 in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 49412, MI
How long does it take to sell a home in 49412, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 40 Days | -11.0% |
Summary: Homes in 49412 had an average of 40 days on market in Nov 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49412 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 49412; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
