$4,572 Closing Credit*
$385,000
1,555 SqFt
3 Beds
•2 Full Baths, 1 Partial
Patrick J Schaefer, Jasen Schaefer, Listing Office: Five Star Real Estate (Ada)
Is 49418, 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, 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
$370,375
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,375(+2.9%)
Key Takeaway
Homes in 49418 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 49418 was $370,375 in November 2024, up 2.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $257.5K | -31.3% |
| 2 Bedrooms | $262.2K | $270K | +3.0% |
| 3 Bedrooms | $328.5K | $342.5K | +4.3% |
| 4 Bedrooms | $391.2K | $409.9K | +4.8% |
| 5+ Bedrooms | $472K | $495K | +4.9% |
Summary: 49418 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 49418, MI
How many homes are available in 49418, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 98 | -18.3% |
Summary: The 49418 real estate market had 98 homes for sale in November 2024, a 18.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 50 | 40 | -20.0% |
| 4 Bedrooms | 41 | 31 | -24.4% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 49418 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 increased by 7.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 23 | -45.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49418, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 49418 in November 2024, down by 45.2% month-over-month. Of the 23 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 25 Days | -48.8% |
Summary: Homes in 49418 had an average of 25 days on market in Nov 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49418 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 49418; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
