Is 49544, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49544 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49544 has remained a Seller's Market.

Key Takeaway

49544 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49544, MI

How much do homes in 49544, MI cost?

Median Sold Price

$342,500

$252/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$46,500(+15.7%)

Key Takeaway

Homes in 49544 have sold for 15.7% more than they did a month ago.

Summary: The median home sold price in 49544 was $342,500 in October 2024, up 15.7% from last month, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $258.1K$445K
+72.4%
3 $315K$290K
-7.9%
4 $296.4K-
N/A
5+ -$404.9K
N/A

Summary: 49544 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.4%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49544, MI

How many homes are available in 49544, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1713-23.5%

Summary: The 49544 real estate market had 13 homes for sale in October 2024, a 23.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 99
0.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The 49544 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 decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49544, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 49544 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 49544, MI

How long does it take to sell a home in 49544, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
14 Days20 Days+37.9%

Summary: Homes in 49544 had an average of 20 days on market in Oct 2024, up by 37.9% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49544 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 49544; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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