$3,561 Closing Credit*
$299,900
1,200 SqFt
2 Beds
•2 Full Baths
Gary A Langlois, Listing Office: Greenridge Realty Muskegon
Is 49461, 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, 49461 was a Buyer's Market.
Key Takeaway
49461 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49461, MI
How much do homes in 49461, MI cost?
Median Sold Price
$317,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,550(+9.5%)
Key Takeaway
Homes in 49461 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 49461 was $317,500 in November 2024, up 9.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225.5K | $289.9K | +28.6% |
| 3 Bedrooms | $289.9K | $300K | +3.5% |
| 4 Bedrooms | $372.2K | $368.2K | -1.1% |
| 5+ Bedrooms | $600K | $647K | +7.8% |
Summary: 49461 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 increased by 28.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 49461, MI
How many homes are available in 49461, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Summary: The 49461 real estate market had 25 homes for sale in November 2024, a 19.4% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 49461 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 decreased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49461, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 49461 in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 15 Days | -45.4% |
Summary: Homes in 49461 had an average of 15 days on market in Nov 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49461 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 49461; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
