$3,266 Closing Credit*
$275,000
1,196 SqFt
3 Beds
•2 Full Baths
Jeanette Palmerton, Listing Office: Coldwell Banker Schmidt Fremont
Is 49445, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$268,600
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,600(+8.7%)
Key Takeaway
Homes in 49445 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 49445 was $268,600 in November 2024, up 8.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.5K | $152.5K | +6.3% |
| 2 Bedrooms | $195K | $199.9K | +2.5% |
| 3 Bedrooms | $231K | $262.3K | +13.6% |
| 4 Bedrooms | $291K | $319.9K | +9.9% |
| 5+ Bedrooms | $406K | $500K | +23.2% |
Summary: 49445 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 23.2%.
Housing Supply in 49445, MI
How many homes are available in 49445, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 59 | -18.1% |
Summary: The 49445 real estate market had 59 homes for sale in November 2024, a 18.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49445 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 decreased by 30.8%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49445, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49445 in November 2024, down by 45.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 38 Days | +70.4% |
Summary: Homes in 49445 had an average of 38 days on market in Nov 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 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 November 2024, 11 homes were sold in 49445; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
