$4,453 Closing Credit*
$375,000
1,992 SqFt
4 Beds
•2 Full Baths, 1 Partial
Nicole L Wright, Listing Office: Five Star Real Estate (Chicago Dr)
Is 49504, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 49504 has remained a Seller's Market.
Key Takeaway
49504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49504, MI
How much do homes in 49504, MI cost?
Median Sold Price
$289,450
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,616(+8.5%)
Key Takeaway
Homes in 49504 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 49504 was $289,450 in December 2024, up 8.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $240K | +4.3% |
| 2 Bedrooms | $250K | $242K | -3.2% |
| 3 Bedrooms | $266K | $290.7K | +9.3% |
| 4 Bedrooms | $277.5K | $320K | +15.3% |
| 5+ Bedrooms | $335K | $330K | -1.5% |
Summary: 49504 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 49504, MI
How many homes are available in 49504, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 125 | 93 | -25.6% |
Summary: The 49504 real estate market had 93 homes for sale in December 2024, a 25.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 55 | 38 | -30.9% |
| 4 Bedrooms | 31 | 21 | -32.3% |
| 5+ Bedrooms | 9 | 3 | -66.7% |
Summary: The 49504 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 30.9%, 4 bedroom homes decreased by 32.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49504, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 49504 in December 2024, down by 18.6% month-over-month. Of the 35 sold homes, 49% were sold under asking, 9% were sold at asking, and 43% were sold over asking.
Days on Market for 49504, MI
How long does it take to sell a home in 49504, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 23 Days | -25.0% |
Summary: Homes in 49504 had an average of 23 days on market in Dec 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49504 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 35 homes were sold in 49504; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
