$4,749 Closing Credit*
$399,900
1,218 SqFt
4 Beds
•2 Full Baths
Sarah Riehl, Listing Office: Greenridge Realty White Lake
Is 49420, 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, 49420 has remained a Seller's Market.
Key Takeaway
49420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49420, MI
How much do homes in 49420, MI cost?
Median Sold Price
$232,450
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,000(+22.1%)
Key Takeaway
Homes in 49420 have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in 49420 was $232,450 in October 2024, up 22.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $138K | +25.5% |
| 2 Bedrooms | $155K | $204.9K | +32.2% |
| 3 Bedrooms | $230K | $248K | +7.8% |
| 4 Bedrooms | $150K | $427.9K | +185.3% |
| 5+ Bedrooms | $232.5K | $232.5K | 0.0% |
Summary: 49420 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 185.3%, and 5+ bedroom homes did not change.
Housing Supply in 49420, MI
How many homes are available in 49420, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The 49420 real estate market had 24 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49420 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49420, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 49420 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 49420, MI
How long does it take to sell a home in 49420, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 93 Days | 27 Days | -70.5% |
Summary: Homes in 49420 had an average of 27 days on market in Oct 2024, down by 70.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49420 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 49420; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
