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 5 Days Ago

Newest Listings in 49449, MI

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