Is 49449, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49449 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49449 has remained a Seller's Market.

Key Takeaway

49449 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49449, MI

How much do homes in 49449, MI cost?

Median Sold Price

$385,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+11.6%)

Key Takeaway

Homes in 49449 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 49449 was $385,000 in October 2024, up 11.6% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$310K
+148.0%
2 $233.1K$352.4K
+51.2%
3 $382K$389.4K
+1.9%
4 $565K$365K
-35.4%
5+ $1.2M$1.3M
+2.6%

Summary: 49449 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 148%, 2 bedroom homes increased by 51.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

49454
+31.9%
49420
+22.1%
49449
+11.6%
49431
+6.1%
49436
-4.6%

Housing Supply in 49449, MI

How many homes are available in 49449, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2521-16.0%

Summary: The 49449 real estate market had 21 homes for sale in October 2024, a 16.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 64
-33.3%
3 910
+11.1%
4 31
-66.7%
5+ 44
0.0%

Summary: The 49449 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49449, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49449 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 49449, MI

How long does it take to sell a home in 49449, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days41 Days+148.4%

Summary: Homes in 49449 had an average of 41 days on market in Oct 2024, up by 148.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49449 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 49449; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in 49449, MI

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