$4,750 Closing Credit*
$400,000
1,110 SqFt
4 Beds
•2 Full Baths
Curtis W Carini, Listing Office: Carini & Associates Realtors
Is 49423, 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, 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
$320,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,380(+6.1%)
Key Takeaway
Homes in 49423 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 49423 was $320,000 in October 2024, up 6.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.4K | $200K | -27.9% |
| 2 Bedrooms | $245K | $260.7K | +6.4% |
| 3 Bedrooms | $300K | $317K | +5.7% |
| 4 Bedrooms | $369K | $374K | +1.3% |
| 5+ Bedrooms | $409K | $500K | +22.2% |
Summary: 49423 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 49423, MI
How many homes are available in 49423, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 177 | 183 | +3.4% |
Summary: The 49423 real estate market had 183 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 69 | 66 | -4.3% |
| 4 Bedrooms | 39 | 43 | +10.3% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The 49423 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 51 | -1.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49423, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 49423 in October 2024, down by 1.9% month-over-month. Of the 51 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +35.9% |
Summary: Homes in 49423 had an average of 30 days on market in Oct 2024, up by 35.9% 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 October 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.