$3,325 Closing Credit*
$280,000
3,356 SqFt
6 Beds
•2 Full Baths
Jamecia Adams, Listing Office: Keller Williams GR East
Is 49507, 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, 49507 has remained a Seller's Market.
Key Takeaway
49507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49507, MI
How much do homes in 49507, MI cost?
Median Sold Price
$240,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,750(+11.5%)
Key Takeaway
Homes in 49507 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 49507 was $240,000 in October 2024, up 11.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $115K | +2.7% |
| 2 Bedrooms | $189K | $207.5K | +9.8% |
| 3 Bedrooms | $225K | $248.5K | +10.4% |
| 4 Bedrooms | $224.5K | $241K | +7.3% |
| 5+ Bedrooms | $216.2K | $260K | +20.2% |
Summary: 49507 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 20.2%.
Housing Supply in 49507, MI
How many homes are available in 49507, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 113 | +8.7% |
Summary: The 49507 real estate market had 113 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 12 | +200.0% |
| 3 Bedrooms | 66 | 68 | +3.0% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 49507 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 27 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49507, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 49507 in October 2024, down by 25.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 15% were sold at asking, and 59% were sold over asking.
Days on Market for 49507, MI
How long does it take to sell a home in 49507, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +41.0% |
Summary: Homes in 49507 had an average of 18 days on market in Oct 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49507 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 49507; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.