$4,738 Closing Credit*
$399,000
991 SqFt
3 Beds
•2 Full Baths
Gina J Vis, Listing Office: HomeRealty, LLC
Is 49456, 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, 49456 has remained a Seller's Market.
Key Takeaway
49456 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49456, MI
How much do homes in 49456, MI cost?
Median Sold Price
$400,000
$266/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 49456 has remained the same since last year.
Summary: The median home sold price in 49456 was $400,000 in October 2024, the same as last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269.9K | $217K | -19.6% |
| 2 Bedrooms | $311.2K | $319K | +2.5% |
| 3 Bedrooms | $375K | $364.9K | -2.7% |
| 4 Bedrooms | $449.9K | $500K | +11.1% |
| 5+ Bedrooms | $644.1K | $695K | +7.9% |
Summary: 49456 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in 49456, MI
How many homes are available in 49456, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 127 | +13.4% |
Summary: The 49456 real estate market had 127 homes for sale in October 2024, a 13.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 47 | 54 | +14.9% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The 49456 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49456, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 49456 in October 2024, up by 38.1% month-over-month. Of the 29 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for 49456, MI
How long does it take to sell a home in 49456, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 51 Days | -15.8% |
Summary: Homes in 49456 had an average of 51 days on market in Oct 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49456 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 49456; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.