$25,200
1.00 Acres
Land
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 October 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
$321,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+10.1%)
Key Takeaway
Homes in 49615 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 49615 was $321,000 in October 2024, up 10.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $114K | +6.5% |
| 2 Bedrooms | $243K | $255K | +4.9% |
| 3 Bedrooms | $273.5K | $357.5K | +30.7% |
| 4 Bedrooms | $390K | $440K | +12.8% |
| 5+ Bedrooms | $739.7K | $865K | +16.9% |
Summary: 49615 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 16.9%.
Housing Supply in 49615, MI
How many homes are available in 49615, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 97 | +18.3% |
Summary: The 49615 real estate market had 97 homes for sale in October 2024, a 18.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 49615 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49615, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49615 in October 2024, up by 10.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 79 Days | +47.6% |
Summary: Homes in 49615 had an average of 79 days on market in Oct 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49615 has remained consistent over time.
Summary: During October 2024, 11 homes were sold in 49615; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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