$2,648 Closing Credit*
$223,000
1,220 SqFt
3 Beds
•2 Full Baths
Amanda J McCracken, Listing Office: Ensley 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 November 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
$251,375
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,375(+7.0%)
Key Takeaway
Homes in 49509 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 49509 was $251,375 in November 2024, up 7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.4K | $59.9K | -39.8% |
| 2 Bedrooms | $190K | $215K | +13.2% |
| 3 Bedrooms | $240K | $259K | +7.9% |
| 4 Bedrooms | $260.2K | $273K | +4.9% |
| 5+ Bedrooms | $235K | $279.9K | +19.1% |
Summary: 49509 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 19.1%.
Housing Supply in 49509, MI
How many homes are available in 49509, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 67 | -30.2% |
Summary: The 49509 real estate market had 67 homes for sale in November 2024, a 30.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 52 | 35 | -32.7% |
| 4 Bedrooms | 20 | 13 | -35.0% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The 49509 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 increased by 12.5%, 3 bedroom homes decreased by 32.7%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 19 | -54.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49509, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 49509 in November 2024, down by 54.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 0% were sold at asking, and 63% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 18 Days | +83.5% |
Summary: Homes in 49509 had an average of 18 days on market in Nov 2024, up by 83.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49509 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 49509; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
