$348,000
Jackie Makowicki, Listing Office: Five Star Real Estate - Ludington
November 2024
Report Updated 21 Days Ago
Is 49431, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49431 was a Seller's Market.
How much do homes in 49431, MI cost?
$295,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in 49431 was $295,000 in November 2024, up 7.3% from last year, and the median price per square foot was $182.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $212.5K | +1.2% |
2 Bedrooms | $268K | $257K | -4.1% |
3 Bedrooms | $258.7K | $285K | +10.1% |
4 Bedrooms | $297.2K | $371K | +24.8% |
5+ Bedrooms | $450K | $520K | +15.6% |
Summary: 49431 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes increased by 15.6%.
49431 | $275K | $295K | +7.3% |
49449 | $420K | $377.5K | -10.1% |
How many homes are available in 49431, MI?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
79 | 74 | -6.3% |
Summary: The 49431 real estate market had 74 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 46 | 40 | -13.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 49431 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 remained the same, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 14.3%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 49431 in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.
How long does it take to sell a home in 49431, MI?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
24 Days | 74 Days | +202.7% |
Summary: Homes in 49431 had an average of 74 days on market in Nov 2024, up by 202.7% compared to last year.
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During November 2024, 12 homes were sold in 49431; 17% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 21 Days Ago
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Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, and Northern Michigan MLS for the period 12/01/2022 - 12/01/2024
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 6:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 6:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 6:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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