$2,968 Closing Credit*
$249,900
1,280 SqFt
3 Beds
•1 Full Bath
Christopher A Linda, Listing Office: Icon Realty Group LLC
Is 49445, 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, 49445 has remained a Seller's Market.
Key Takeaway
49445 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49445, MI
How much do homes in 49445, MI cost?
Median Sold Price
$265,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,666(+7.6%)
Key Takeaway
Homes in 49445 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 49445 was $265,000 in October 2024, up 7.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $152.5K | N/A |
| 2 Bedrooms | $195K | $199.9K | +2.5% |
| 3 Bedrooms | $229.5K | $259.9K | +13.3% |
| 4 Bedrooms | $279.9K | $325K | +16.1% |
| 5+ Bedrooms | $380K | $506K | +33.2% |
Summary: 49445 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 2.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 33.2%.
Housing Supply in 49445, MI
How many homes are available in 49445, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 75 | 0.0% |
Summary: The 49445 real estate market had 75 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 | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 43 | 36 | -16.3% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49445 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49445, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 49445 in October 2024, the same as the previous month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 49445, MI
How long does it take to sell a home in 49445, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -20.4% |
Summary: Homes in 49445 had an average of 24 days on market in Oct 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49445 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 49445; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
