$10,000 Closing Credit*
$1,985,000
2,891 SqFt
4 Beds
•1 Full Bath
Jeanette Gillespie, Listing Office: Coldwell Banker Schmidt-Bellai
Is 49615, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49615 was a Seller's Market.
Key Takeaway
49615 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49615, MI
How much do homes in 49615, MI cost?
Median Sold Price
$317,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,500(+15.9%)
Key Takeaway
Homes in 49615 have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in 49615 was $317,000 in November 2024, up 15.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $143.1K | +39.6% |
| 2 Bedrooms | $243K | $255K | +4.9% |
| 3 Bedrooms | $272.7K | $360K | +32.0% |
| 4 Bedrooms | $395K | $440K | +11.4% |
| 5+ Bedrooms | $744.5K | $825K | +10.8% |
Summary: 49615 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Zip Codes
| 49615 | $273.5K | $317K | +15.9% |
| 49659 | $190K | $198K | +4.2% |
Housing Supply in 49615, MI
How many homes are available in 49615, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 94 | -1.1% |
Summary: The 49615 real estate market had 94 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 29 | 26 | -10.3% |
| 3 Bedrooms | 34 | 39 | +14.7% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 49615 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
13 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 49615, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 49615 in November 2024, up by 18.2% month-over-month. Of the 13 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49615, MI
How long does it take to sell a home in 49615, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 124 Days | +102.7% |
Summary: Homes in 49615 had an average of 124 days on market in Nov 2024, up by 102.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49615 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in 49615; 8% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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