Is 49436, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49436 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49436 has remained a Seller's Market.

Key Takeaway

49436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49436, MI

How much do homes in 49436, MI cost?

Median Sold Price

$340,000

$163/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$42,550(+14.3%)

Key Takeaway

Homes in 49436 have sold for 14.3% more than they did a month ago.

Summary: The median home sold price in 49436 was $340,000 in November 2024, up 14.3% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $229.9K$315K
+37.0%
3 $295K$355K
+20.3%
4 $542K-
N/A
5+ --
N/A

Summary: 49436 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 20.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49436, MI

How many homes are available in 49436, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1614-12.5%

Summary: The 49436 real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 66
0.0%
4 20
-100.0%
5+ 00
0.0%

Summary: The 49436 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 remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49436, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 49436 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49436, MI

How long does it take to sell a home in 49436, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days184 Days+502.2%

Summary: Homes in 49436 had an average of 184 days on market in Nov 2024, up by 502.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 49436 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 49436; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

Newest Listings in 49436, MI

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