$6,175 Closing Credit*
$520,000
2,172 SqFt
5 Beds
•4 Full Baths
Filloreta Balaj-Elezi, Listing Office: EXP Realty LLC
Is 49418, 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, 49418 has remained a Seller's Market.
Key Takeaway
49418 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49418, MI
How much do homes in 49418, MI cost?
Median Sold Price
$370,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,194(+3.7%)
Key Takeaway
Homes in 49418 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 49418 was $370,000 in October 2024, up 3.7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $265K | -29.3% |
| 2 Bedrooms | $263.6K | $264.7K | 0.4% |
| 3 Bedrooms | $323.5K | $345K | +6.6% |
| 4 Bedrooms | $395K | $413K | +4.6% |
| 5+ Bedrooms | $499.5K | $494.1K | -1.1% |
Summary: 49418 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 49418, MI
How many homes are available in 49418, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 114 | +4.6% |
Summary: The 49418 real estate market had 114 homes for sale in October 2024, a 4.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 40 | 47 | +17.5% |
| 4 Bedrooms | 44 | 40 | -9.1% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 49418 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49418, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 49418 in October 2024, up by 15.2% month-over-month. Of the 38 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for 49418, MI
How long does it take to sell a home in 49418, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 21 Days | -7.9% |
Summary: Homes in 49418 had an average of 21 days on market in Oct 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49418 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 49418; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
