$2,613 Closing Credit*
$220,000
1,008 SqFt
4 Beds
•1 Full Bath, 1 Partial
Awilda Diaz, Listing Office: Lake Michigan Realty Mgmt
Is 49548, 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, 49548 has remained a Seller's Market.
Key Takeaway
49548 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49548, MI
How much do homes in 49548, MI cost?
Median Sold Price
$239,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,600(+7.5%)
Key Takeaway
Homes in 49548 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 49548 was $239,000 in November 2024, up 7.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151.1K | $205K | +35.7% |
| 2 Bedrooms | $187K | $200K | +7.0% |
| 3 Bedrooms | $250K | $250K | 0.0% |
| 4 Bedrooms | $265K | $272K | +2.6% |
| 5+ Bedrooms | $258K | $315K | +22.1% |
Summary: 49548 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 7%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 22.1%.
Housing Supply in 49548, MI
How many homes are available in 49548, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 71 | -7.8% |
Summary: The 49548 real estate market had 71 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 24 | -14.3% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49548 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49548, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 49548 in November 2024, down by 25.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 39% were sold at asking, and 33% were sold over asking.
Days on Market for 49548, MI
How long does it take to sell a home in 49548, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 15 Days | -40.3% |
Summary: Homes in 49548 had an average of 15 days on market in Nov 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49548 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 49548; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.