$2,018 Closing Credit*
$169,900
1,237 SqFt
2 Beds
•2 Full Baths
Greg Bosscher, Listing Office: Five Star Real Estate Shelby
Is 49601, 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, 49601 has remained a Seller's Market.
Key Takeaway
49601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49601, MI
How much do homes in 49601, MI cost?
Median Sold Price
$223,833
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,958(+19.8%)
Key Takeaway
Homes in 49601 have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in 49601 was $223,833 in October 2024, up 19.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.2K | $130K | +50.7% |
| 2 Bedrooms | $167.2K | $174.9K | +4.6% |
| 3 Bedrooms | $185K | $223K | +20.5% |
| 4 Bedrooms | $251.5K | $282.5K | +12.3% |
| 5+ Bedrooms | $280K | $261K | -6.8% |
Summary: 49601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 49601, MI
How many homes are available in 49601, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 125 | +21.4% |
Summary: The 49601 real estate market had 125 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 46 | 58 | +26.1% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 49601 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 increased by 17.2%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49601, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 49601 in October 2024, the same as the previous month. Of the 21 sold homes, 52% were sold under asking, 14% were sold at asking, and 33% were sold over asking.
Days on Market for 49601, MI
How long does it take to sell a home in 49601, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 60 Days | +18.3% |
Summary: Homes in 49601 had an average of 60 days on market in Oct 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49601 has remained consistent over time.
Summary: During October 2024, 21 homes were sold in 49601; 24% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.