$3,561 Closing Credit*
$299,900
1,769 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kyle Westrate, Listing Office: Place 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 November 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
$290,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,066(+7.4%)
Key Takeaway
Homes in 49505 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 49505 was $290,000 in November 2024, up 7.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $254.5K | N/A |
| 2 Bedrooms | $235.4K | $250K | +6.2% |
| 3 Bedrooms | $271.7K | $296.2K | +9.0% |
| 4 Bedrooms | $288.4K | $323.5K | +12.2% |
| 5+ Bedrooms | $319.5K | $310K | -3.0% |
Summary: 49505 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 6.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 49505, MI
How many homes are available in 49505, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 110 | -9.1% |
Summary: The 49505 real estate market had 110 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 68 | 63 | -7.4% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 49505 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49505, you could pay more than the asking price. 40.5% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 49505 in November 2024, the same as the previous month. Of the 37 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -15.3% |
Summary: Homes in 49505 had an average of 10 days on market in Nov 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
4 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 November 2024, 37 homes were sold in 49505; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
