$150,000
29.39 Acres
Land
Scott St. Pierre, Listing Office: Coldwell Banker Woodland Schmidt Whitehall
Is 49461, 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, 49461 has remained a Seller's Market.
Key Takeaway
49461 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49461, MI
How much do homes in 49461, MI cost?
Median Sold Price
$317,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.5%)
Key Takeaway
Homes in 49461 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 49461 was $317,500 in October 2024, up 8.5% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225.5K | $289.9K | +28.6% |
| 3 Bedrooms | $290K | $301.9K | +4.1% |
| 4 Bedrooms | $381K | $371.5K | -2.5% |
| 5+ Bedrooms | $662.5K | $525K | -20.8% |
Summary: 49461 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 28.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 20.8%.
Housing Supply in 49461, MI
How many homes are available in 49461, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The 49461 real estate market had 32 homes for sale in October 2024, a 13.5% decrease 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 49461 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 40%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49461, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 49461 in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 49461, MI
How long does it take to sell a home in 49461, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 46 Days | +170.6% |
Summary: Homes in 49461 had an average of 46 days on market in Oct 2024, up by 170.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49461 has remained consistent over time.
Summary: During October 2024, 12 homes were sold in 49461; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
