$3,561 Closing Credit*
$299,900
1,601 SqFt
2 Beds
•2 Full Baths
Ron Webb, Listing Office: Coldwell Banker Woodland Schmidt
Is 49423, 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, 49423 has remained a Seller's Market.
Key Takeaway
49423 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49423, MI
How much do homes in 49423, MI cost?
Median Sold Price
$325,714
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,880(+5.8%)
Key Takeaway
Homes in 49423 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 49423 was $325,714 in November 2024, up 5.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.4K | $207.7K | -25.1% |
| 2 Bedrooms | $246.5K | $265.9K | +7.8% |
| 3 Bedrooms | $303K | $315.1K | +4.0% |
| 4 Bedrooms | $363.5K | $377.4K | +3.8% |
| 5+ Bedrooms | $430K | $500K | +16.3% |
Summary: 49423 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.3%.
Housing Supply in 49423, MI
How many homes are available in 49423, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 183 | 159 | -13.1% |
Summary: The 49423 real estate market had 159 homes for sale in November 2024, a 13.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 48 | 40 | -16.7% |
| 3 Bedrooms | 68 | 57 | -16.2% |
| 4 Bedrooms | 41 | 35 | -14.6% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The 49423 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 51 | -7.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49423, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 49423 in November 2024, down by 7.3% month-over-month. Of the 51 sold homes, 59% were sold under asking, 16% were sold at asking, and 25% were sold over asking.
Days on Market for 49423, MI
How long does it take to sell a home in 49423, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -3.7% |
Summary: Homes in 49423 had an average of 39 days on market in Nov 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49423 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 51 homes were sold in 49423; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.