$3,561 Closing Credit*
$299,900
1,522 SqFt
4 Beds
•3 Full Baths
Brian T DeSmit, Listing Office: Apex Realty Group
Is 49519, 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, 49519 has remained a Seller's Market.
Key Takeaway
49519 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49519, MI
How much do homes in 49519, MI cost?
Median Sold Price
$280,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+5.7%)
Key Takeaway
Homes in 49519 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 49519 was $280,000 in October 2024, up 5.7% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $89.9K | -30.8% |
| 2 Bedrooms | $190.8K | $224.9K | +17.9% |
| 3 Bedrooms | $262.8K | $275K | +4.6% |
| 4 Bedrooms | $290K | $320K | +10.3% |
| 5+ Bedrooms | $381K | $495K | +29.9% |
Summary: 49519 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 29.9%.
Housing Supply in 49519, MI
How many homes are available in 49519, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 62 | -13.9% |
Summary: The 49519 real estate market had 62 homes for sale in October 2024, a 13.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 44 | 32 | -27.3% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 49519 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 57.1%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49519, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 49519 in October 2024, down by 22.2% month-over-month. Of the 21 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for 49519, MI
How long does it take to sell a home in 49519, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -34.8% |
Summary: Homes in 49519 had an average of 9 days on market in Oct 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49519 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 49519; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
