$65,000
5.00 Acres
Land
Jamie Zimmerman, Listing Office: Jamie Zimmerman Realty
Is 49455, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49455 was a Seller's Market.
Key Takeaway
49455 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49455, MI
How much do homes in 49455, MI cost?
Median Sold Price
$220,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.1%)
Key Takeaway
Homes in 49455 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 49455 was $220,000 in November 2024, down 1.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102.5K | N/A |
| 2 Bedrooms | $225.5K | $218.7K | -3.0% |
| 3 Bedrooms | $220K | $270K | +22.7% |
| 4 Bedrooms | $358K | $185K | -48.3% |
| 5+ Bedrooms | $225K | $239.9K | +6.6% |
Summary: 49455 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 48.3%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 49455, MI
How many homes are available in 49455, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The 49455 real estate market had 25 homes for sale in November 2024, a 25.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49455 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 increased by 25%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49455, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49455 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 49455, MI
How long does it take to sell a home in 49455, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 49 Days | +85.5% |
Summary: Homes in 49455 had an average of 49 days on market in Nov 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49455 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 49455; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
