$2,849 Closing Credit*
$239,900
1,513 SqFt
4 Beds
•1 Full Bath
Kenneth Beebe, Listing Office: Five Star Real Estate
Is 49509, 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, 49509 has remained a Seller's Market.
Key Takeaway
49509 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49509, MI
How much do homes in 49509, MI cost?
Median Sold Price
$255,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+8.5%)
Key Takeaway
Homes in 49509 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 49509 was $255,000 in October 2024, up 8.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.9K | $97.4K | +65.4% |
| 2 Bedrooms | $190K | $215K | +13.2% |
| 3 Bedrooms | $238K | $259.9K | +9.2% |
| 4 Bedrooms | $255K | $270.5K | +6.1% |
| 5+ Bedrooms | $240K | $273.9K | +14.1% |
Summary: 49509 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.4%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in 49509, MI
How many homes are available in 49509, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 89 | +8.5% |
Summary: The 49509 real estate market had 89 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 47 | 48 | +2.1% |
| 4 Bedrooms | 12 | 19 | +58.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 49509 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 35 | +52.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49509, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 49509 in October 2024, up by 52.2% month-over-month. Of the 35 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for 49509, MI
How long does it take to sell a home in 49509, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +12.2% |
Summary: Homes in 49509 had an average of 12 days on market in Oct 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
31 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 49509 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in 49509; 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.