$1,958 Closing Credit*
$164,900
840 SqFt
2 Beds
•1 Full Bath
Kyle Westrate, Listing Office: United Realty Services LLC
Is 49451, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$264,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$2,000(+0.8%)
Key Takeaway
Homes in 49451 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 49451 was $264,000 in December 2024, up 0.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259.9K | $225K | -13.4% |
| 3 Bedrooms | $226.7K | $255K | +12.5% |
| 4 Bedrooms | $288.4K | $292.5K | +1.4% |
| 5+ Bedrooms | $331K | $425K | +28.4% |
Summary: 49451 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Zip Codes
| 49442 | $152.5K | $161.1K | +5.6% |
| 49451 | $262K | $264K | +0.8% |
Housing Supply in 49451, MI
How many homes are available in 49451, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The 49451 real estate market had 20 homes for sale in December 2024, a 9.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49451 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 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. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 49451 in December 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 38 Days | +61.7% |
Summary: Homes in 49451 had an average of 38 days on market in Dec 2024, up by 61.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49451 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in 49451; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
