$250,000
40.00 Acres
Land
Blake Kenneth VerWoert, Listing Office: Wildlife Realty
Is 49437, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49437 was a Seller's Market.
Key Takeaway
49437 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49437, MI
How much do homes in 49437, MI cost?
Median Sold Price
$275,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+19.6%)
Key Takeaway
Homes in 49437 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 49437 was $275,000 in October 2024, up 19.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.6K | $174.9K | +3.1% |
| 3 Bedrooms | $230K | $274.6K | +19.4% |
| 4 Bedrooms | $241K | $350K | +45.2% |
| 5+ Bedrooms | $369.9K | $331K | -10.5% |
Summary: 49437 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 49437, MI
How many homes are available in 49437, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The 49437 real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 49437 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49437, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 49437 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 49437, MI
How long does it take to sell a home in 49437, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 54 Days | +44.7% |
Summary: Homes in 49437 had an average of 54 days on market in Oct 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49437 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 49437; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
