$6,530 Closing Credit*
$549,900
1,868 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brian Huffman, Listing Office: RE/MAX United (Beltline)
Is 49525, 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, 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
$356,666
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,666(+5.2%)
Key Takeaway
Homes in 49525 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 49525 was $356,666 in October 2024, up 5.2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $135K | +14.4% |
| 2 Bedrooms | $228.5K | $250K | +9.4% |
| 3 Bedrooms | $315K | $335K | +6.3% |
| 4 Bedrooms | $435K | $430K | -1.1% |
| 5+ Bedrooms | $650K | $745K | +14.6% |
Summary: 49525 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 49525, MI
How many homes are available in 49525, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 101 | +24.7% |
Summary: The 49525 real estate market had 101 homes for sale in October 2024, a 24.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 32 | 43 | +34.4% |
| 4 Bedrooms | 23 | 36 | +56.5% |
| 5+ Bedrooms | 10 | 5 | -50.0% |
Summary: The 49525 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 6.3%, 3 bedroom homes increased by 34.4%, 4 bedroom homes increased by 56.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49525, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 49525 in October 2024, up by 16.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 21% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +22.7% |
Summary: Homes in 49525 had an average of 18 days on market in Oct 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49525 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 49525; 79% of homes were sold within 30 days, 21% 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.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved