Is 49621, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49621 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49621 has remained a Seller's Market.

Key Takeaway

49621 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49621, MI

How much do homes in 49621, MI cost?

Median Sold Price

$401,500

$274/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$158,000(-28.2%)

Key Takeaway

Homes in 49621 have sold for 28.2% less than they did a month ago.

Summary: The median home sold price in 49621 was $401,500 in October 2024, down 28.2% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$368.8K
N/A
3 $549K$401.5K
-26.9%
4 $570K$1.2M
+128.1%
5+ -$560K
N/A

Summary: 49621 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 decreased by 26.9%, 4 bedroom homes increased by 128.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49664
+194.3%
49653
-1.6%
49684
-14.0%
49621
-28.2%

Housing Supply in 49621, MI

How many homes are available in 49621, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
26260.0%

Summary: The 49621 real estate market had 26 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 1112
+9.1%
4 42
-50.0%
5+ 22
0.0%

Summary: The 49621 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 increased by 11.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49621, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 49621 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for 49621, MI

How long does it take to sell a home in 49621, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
74 Days116 Days+56.5%

Summary: Homes in 49621 had an average of 116 days on market in Oct 2024, up by 56.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49621 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 49621; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 49621, MI

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