$4,513 Closing Credit*
$380,000
1,800 SqFt
3 Beds
•2 Full Baths
Thomas G Ellens, Listing Office: Weichert REALTORS Plat (Main)
Is 49464, 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, 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
$375,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,100(+7.2%)
Key Takeaway
Homes in 49464 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 49464 was $375,000 in November 2024, up 7.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $207.7K | +4.9% |
| 2 Bedrooms | $245K | $280K | +14.3% |
| 3 Bedrooms | $316.5K | $350K | +10.6% |
| 4 Bedrooms | $375.5K | $443K | +18.0% |
| 5+ Bedrooms | $491.2K | $490K | -0.3% |
Summary: 49464 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in 49464, MI
How many homes are available in 49464, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 65 | -18.8% |
Summary: The 49464 real estate market had 65 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 37 | 33 | -10.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 49464 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 55.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 16 | -48.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49464, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 49464 in November 2024, down by 48.4% month-over-month. Of the 16 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +47.7% |
Summary: Homes in 49464 had an average of 33 days on market in Nov 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
9 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 49464 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 49464; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
