$3,907 Closing Credit*
$329,000
1,804 SqFt
3 Beds
•3 Full Baths
Tammy Jo Budzynski, Listing Office: Keller Williams GR North
Is 49548, 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, 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
$239,600
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,600(+8.9%)
Key Takeaway
Homes in 49548 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 49548 was $239,600 in October 2024, up 8.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $205K | +28.1% |
| 2 Bedrooms | $187K | $200K | +7.0% |
| 3 Bedrooms | $245K | $250K | +2.0% |
| 4 Bedrooms | $265K | $280K | +5.7% |
| 5+ Bedrooms | $258K | $315K | +22.1% |
Summary: 49548 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 80 | +1.3% |
Summary: The 49548 real estate market had 80 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49548 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49548, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 49548 in October 2024, down by 24.1% month-over-month. Of the 22 sold homes, 23% were sold under asking, 32% were sold at asking, and 45% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +26.8% |
Summary: Homes in 49548 had an average of 13 days on market in Oct 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49548 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 49548; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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.