$2,611 Closing Credit*
$219,900
822 SqFt
2 Beds
•1 Full Bath
John H Schlundt-Bodien, Listing Office: Greenridge Realty (Summit)
Is 49525, 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, 49525 has remained a Seller's Market.
Key Takeaway
49525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49525, MI
How much do homes in 49525, MI cost?
Median Sold Price
$358,750
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,750(+4.6%)
Key Takeaway
Homes in 49525 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 49525 was $358,750 in November 2024, up 4.6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.4K | $135K | +11.2% |
| 2 Bedrooms | $230K | $255.4K | +11.1% |
| 3 Bedrooms | $320.2K | $335K | +4.6% |
| 4 Bedrooms | $435K | $427.1K | -1.8% |
| 5+ Bedrooms | $637.5K | $755K | +18.4% |
Summary: 49525 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in 49525, MI
How many homes are available in 49525, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 80 | -19.2% |
Summary: The 49525 real estate market had 80 homes for sale in November 2024, a 19.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 42 | 31 | -26.2% |
| 4 Bedrooms | 35 | 30 | -14.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 49525 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 26.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49525, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 49525 in November 2024, down by 24.1% month-over-month. Of the 22 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 49525, MI
How long does it take to sell a home in 49525, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -17.0% |
Summary: Homes in 49525 had an average of 14 days on market in Nov 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49525 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 49525; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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