$2,500,000
74.68 Acres
Land
Seth Railsback, Listing Office: Bellabay Realty (North)
Is 49544, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $258.1K | $445K | +72.4% |
| 3 Bedrooms | $315K | $290K | -7.9% |
| 4 Bedrooms | $296.4K | - | N/A |
| 5+ Bedrooms | - | $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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -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
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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 20 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
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.
