$2,363 Closing Credit*
$199,000
1,851 SqFt
3 Beds
•1 Full Bath
John Judge, Listing Office: Coldwell Banker Schmidt-Benzie
Is 49614, 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, 49614 has remained a Seller's Market.
Key Takeaway
49614 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49614, MI
How much do homes in 49614, MI cost?
Median Sold Price
$275,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,000(+31.0%)
Key Takeaway
Homes in 49614 have sold for 31% more than they did a year ago.
Summary: The median home sold price in 49614 was $275,000 in November 2024, up 31% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $114.9K | +43.7% |
| 2 Bedrooms | $238K | $130K | -45.4% |
| 3 Bedrooms | $210K | $275K | +31.0% |
| 4 Bedrooms | $235.9K | $281K | +19.1% |
| 5+ Bedrooms | - | $392.4K | N/A |
Summary: 49614 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.7%, 2 bedroom homes decreased by 45.4%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes did not change.
Housing Supply in 49614, MI
How many homes are available in 49614, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The 49614 real estate market had 15 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49614 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were 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 4 homes were sold or pending in 49614 in November 2024, up by 100.0% month-over-month. Of the 4 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 76 Days | +42.3% |
Summary: Homes in 49614 had an average of 76 days on market in Nov 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49614 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 49614; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
