$99,000
1.22 Acres
Land
Ann Porter, Listing Office: REO-TCRandolph-233022
Is 49621, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 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
$469,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$9,000(-1.9%)
Key Takeaway
Homes in 49621 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 49621 was $469,000 in December 2024, down 1.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.4K | - | N/A |
| 2 Bedrooms | $378.6K | $368K | -2.8% |
| 3 Bedrooms | $434.5K | $450K | +3.6% |
| 4 Bedrooms | $522.5K | $570K | +9.1% |
| 5+ Bedrooms | $1.6M | $647.5K | -60.8% |
Summary: 49621 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 60.8%.
Median Sold Price Compared To Nearby Zip Codes
| 49684 | $455.6K | $493.3K | +8.3% |
| 49621 | $478K | $469K | -1.9% |
Housing Supply in 49621, MI
How many homes are available in 49621, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The 49621 real estate market had 10 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49621 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49621, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49621 in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 61 Days | 167 Days | +172.4% |
Summary: Homes in 49621 had an average of 167 days on market in Dec 2024, up by 172.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49621 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 3 homes were sold in 49621; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
