$2,671 Closing Credit*
$224,900
1,035 SqFt
3 Beds
•1 Full Bath
Brandon Earl Wilburn, Listing Office: E'lan Realty Lakeshore
Is 49451, 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, 49451 has remained a Seller's Market.
Key Takeaway
49451 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49451, MI
How much do homes in 49451, MI cost?
Median Sold Price
$265,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,100(+2.0%)
Key Takeaway
Homes in 49451 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 49451 was $265,000 in October 2024, up 2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | - | N/A |
| 2 Bedrooms | $261.4K | $231K | -11.6% |
| 3 Bedrooms | $223K | $254K | +13.9% |
| 4 Bedrooms | $288.4K | $300K | +4.0% |
| 5+ Bedrooms | $331K | $430.5K | +30.1% |
Summary: 49451 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 decreased by 11.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Zip Codes
| 49442 | $146K | $160K | +9.6% |
| 49451 | $259.9K | $265K | +2.0% |
Housing Supply in 49451, MI
How many homes are available in 49451, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The 49451 real estate market had 21 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49451 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 decreased by 66.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49451, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 49451 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 49451, MI
How long does it take to sell a home in 49451, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +69.4% |
Summary: Homes in 49451 had an average of 32 days on market in Oct 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49451 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 49451; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
