$125,000
0.35 Acres
Land
Sandi L Gentry, Listing Office: RE/MAX Lakeshore
Is 49456, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$400,637
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$637(+0.2%)
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 $400,637 in November 2024, up 0.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404.9K | $180K | -55.5% |
| 2 Bedrooms | $311.2K | $319.5K | +2.7% |
| 3 Bedrooms | $365K | $370K | +1.4% |
| 4 Bedrooms | $454.9K | $517.5K | +13.7% |
| 5+ Bedrooms | $632K | $710K | +12.3% |
Summary: 49456 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 49456, MI
How many homes are available in 49456, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 118 | -3.3% |
Summary: The 49456 real estate market had 118 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 30 | 26 | -13.3% |
| 3 Bedrooms | 53 | 52 | -1.9% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 49456 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49456, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 49456 in November 2024, down by 17.2% month-over-month. Of the 24 sold homes, 67% were sold under asking, 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +13.5% |
Summary: Homes in 49456 had an average of 32 days on market in Nov 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 24 homes were sold in 49456; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
