$3,859 Closing Credit*
$325,000
2,800 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lisa Lightfoot, Listing Office: Coldwell Banker Schmidt Newaygo
Is 49457, 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, 49457 has remained a Seller's Market.
Key Takeaway
49457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49457, MI
How much do homes in 49457, MI cost?
Median Sold Price
$279,900
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,900(+3.3%)
Key Takeaway
Homes in 49457 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 49457 was $279,900 in October 2024, up 3.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283K | - | N/A |
| 2 Bedrooms | $185K | $230K | +24.3% |
| 3 Bedrooms | $254K | $263.4K | +3.7% |
| 4 Bedrooms | $300.4K | $321.5K | +7.0% |
| 5+ Bedrooms | $336K | $356K | +6.0% |
Summary: 49457 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 increased by 24.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 6%.
Housing Supply in 49457, MI
How many homes are available in 49457, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 64 | +23.1% |
Summary: The 49457 real estate market had 64 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 42 | 50 | +19.0% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 49457 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 16.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49457, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 49457 in October 2024, up by 36.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for 49457, MI
How long does it take to sell a home in 49457, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 33 Days | +135.7% |
Summary: Homes in 49457 had an average of 33 days on market in Oct 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49457 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 49457; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
