$5,580 Closing Credit*
$469,900
1,098 SqFt
3 Beds
•2 Full Baths, 1 Partial
Nick J Holtrop, Listing Office: EXP Realty (Grand Rapids)
Is 49464, 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, 49464 has remained a Seller's Market.
Key Takeaway
49464 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49464, MI
How much do homes in 49464, MI cost?
Median Sold Price
$373,400
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,900(+9.3%)
Key Takeaway
Homes in 49464 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 49464 was $373,400 in October 2024, up 9.3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $207.7K | +4.9% |
| 2 Bedrooms | $245K | $275.2K | +12.3% |
| 3 Bedrooms | $319K | $335K | +5.0% |
| 4 Bedrooms | $367K | $450K | +22.6% |
| 5+ Bedrooms | $490K | $490K | 0.0% |
Summary: 49464 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes did not change.
Housing Supply in 49464, MI
How many homes are available in 49464, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 82 | -1.2% |
Summary: The 49464 real estate market had 82 homes for sale in October 2024, a 1.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 49464 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49464, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 49464 in October 2024, up by 16.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 49464, MI
How long does it take to sell a home in 49464, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -18.3% |
Summary: Homes in 49464 had an average of 13 days on market in Oct 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49464 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 49464; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
