$2,535 Closing Credit*
$213,500
1,120 SqFt
2 Beds
•1 Full Bath
Daniella Bell, Listing Office: Coldwell Banker Schmidt-Cadillac
Is 49618, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 49618 was a Seller's Market.
Key Takeaway
49618 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49618, MI
How much do homes in 49618, MI cost?
Median Sold Price
$419,500
$312/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$107,500(+34.5%)
Key Takeaway
Homes in 49618 have sold for 34.5% more than they did a month ago.
Summary: The median home sold price in 49618 was $419,500 in October 2024, up 34.5% from last month, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $284K | $419.5K | +47.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $340K | - | N/A |
Summary: 49618 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 47.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 49618, MI
How many homes are available in 49618, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The 49618 real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 49618 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 49618, 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 49618 in October 2024, down by 50.0% 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 49618, MI
How long does it take to sell a home in 49618, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +18.0% |
Summary: Homes in 49618 had an average of 36 days on market in Oct 2024, up by 18% compared to last month.
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 49618 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 49618; 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.
