$3,088 Closing Credit*
$260,000
1,132 SqFt
3 Beds
•1 Full Bath
Sue Koeman, Listing Office: Lafleur Real Estate
Is 49505, 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, 49505 has remained a Seller's Market.
Key Takeaway
49505 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49505, MI
How much do homes in 49505, MI cost?
Median Sold Price
$285,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,875(+7.1%)
Key Takeaway
Homes in 49505 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 49505 was $285,000 in October 2024, up 7.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $254.5K | N/A |
| 2 Bedrooms | $232.7K | $250K | +7.4% |
| 3 Bedrooms | $267.3K | $295K | +10.3% |
| 4 Bedrooms | $300K | $315K | +5.0% |
| 5+ Bedrooms | $320K | $300K | -6.3% |
Summary: 49505 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 7.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 49505, MI
How many homes are available in 49505, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 121 | +18.6% |
Summary: The 49505 real estate market had 121 homes for sale in October 2024, a 18.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 54 | 65 | +20.4% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 49505 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 increased by 4.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49505, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 49505 in October 2024, up by 25.9% month-over-month. Of the 33 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for 49505, MI
How long does it take to sell a home in 49505, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 17 Days | -40.6% |
Summary: Homes in 49505 had an average of 17 days on market in Oct 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49505 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 49505; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
