$150,000
10.00 Acres
Land
Ryan Buzelli, Listing Office: Dwelling Realty - KW Northern Michigan
Is 49614, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49614 was a Seller's Market.
Key Takeaway
49614 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49614, MI
How much do homes in 49614, MI cost?
Median Sold Price
$277,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,450(+27.3%)
Key Takeaway
Homes in 49614 have sold for 27.3% more than they did a year ago.
Summary: The median home sold price in 49614 was $277,000 in October 2024, up 27.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $97.4K | +21.9% |
| 2 Bedrooms | $238K | $135K | -43.3% |
| 3 Bedrooms | $217.5K | $314K | +44.3% |
| 4 Bedrooms | $191.9K | $279K | +45.4% |
| 5+ Bedrooms | - | $392.4K | N/A |
Summary: 49614 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes decreased by 43.3%, 3 bedroom homes increased by 44.3%, 4 bedroom homes increased by 45.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49614 | $217.5K | $277K | +27.3% |
| 49645 | $195K | $200K | +2.6% |
Housing Supply in 49614, MI
How many homes are available in 49614, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The 49614 real estate market had 16 homes for sale in October 2024, a 20.0% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49614 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 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49614, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 49614 in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49614, MI
How long does it take to sell a home in 49614, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 94 Days | 78 Days | -17.3% |
Summary: Homes in 49614 had an average of 78 days on market in Oct 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49614 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 49614; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
