$6,531 Closing Credit*
$550,000
1,681 SqFt
3 Beds
•2 Full Baths, 1 Partial
Susan Kazma, Listing Office: Success Realty West Michigan
Is 49426, 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, 49426 has remained a Seller's Market.
Key Takeaway
49426 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49426, MI
How much do homes in 49426, MI cost?
Median Sold Price
$407,400
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,387(+4.2%)
Key Takeaway
Homes in 49426 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 49426 was $407,400 in October 2024, up 4.2% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369.9K | $282.4K | -23.6% |
| 2 Bedrooms | $287.5K | $295K | +2.6% |
| 3 Bedrooms | $366K | $376K | +2.7% |
| 4 Bedrooms | $405K | $435K | +7.4% |
| 5+ Bedrooms | $499.9K | $557K | +11.4% |
Summary: 49426 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in 49426, MI
How many homes are available in 49426, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 144 | 141 | -2.1% |
Summary: The 49426 real estate market had 141 homes for sale in October 2024, a 2.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 35 | 44 | +25.7% |
| 4 Bedrooms | 55 | 52 | -5.5% |
| 5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The 49426 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 36 | -16.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49426, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 49426 in October 2024, down by 16.3% month-over-month. Of the 36 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for 49426, MI
How long does it take to sell a home in 49426, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +4.1% |
Summary: Homes in 49426 had an average of 28 days on market in Oct 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49426 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 49426; 64% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.