$295,000
3.16 Acres
Land
Mercedes Davidson, Listing Office: CENTURY 21 Northland
Is 49621, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $368.8K | N/A |
| 3 Bedrooms | $549K | $401.5K | -26.9% |
| 4 Bedrooms | $570K | $1.2M | +128.1% |
| 5+ Bedrooms | - | $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.
Housing Supply in 49621, MI
How many homes are available in 49621, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +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
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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 116 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
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.
