$1,330,000
1.00 Acres
Land
G.Larry Branscombe, Listing Office: Keller Williams Realty Rivertown
Is 49534, 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, 49534 has remained a Seller's Market.
Key Takeaway
49534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49534, MI
How much do homes in 49534, MI cost?
Median Sold Price
$354,300
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,300(+9.0%)
Key Takeaway
Homes in 49534 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 49534 was $354,300 in November 2024, up 9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $209.9K | +147.0% |
| 2 Bedrooms | $240K | $279K | +16.3% |
| 3 Bedrooms | $324K | $351K | +8.3% |
| 4 Bedrooms | $392.9K | $385K | -2.0% |
| 5+ Bedrooms | $504.9K | $515K | +2.0% |
Summary: 49534 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 147%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 2%.
Housing Supply in 49534, MI
How many homes are available in 49534, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Summary: The 49534 real estate market had 52 homes for sale in November 2024, a 7.1% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 28 | 20 | -28.6% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 49534 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 increased by 66.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49534, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 49534 in November 2024, up by 10.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 49534, MI
How long does it take to sell a home in 49534, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 16 Days | -1.9% |
Summary: Homes in 49534 had an average of 16 days on market in Nov 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49534 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 49534; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
