$17,750
0.15 Acres
Land
Floyd Seal, Listing Office: Lakeside Properties Real Estate
Is 49622, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49622 has remained a Seller's Market.
Key Takeaway
49622 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49622, MI
How much do homes in 49622, MI cost?
Median Sold Price
$245,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,700(+13.3%)
Key Takeaway
Homes in 49622 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 49622 was $245,000 in October 2024, up 13.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52K | $467.5K | +799.0% |
| 2 Bedrooms | $185K | $285K | +54.1% |
| 3 Bedrooms | $240K | $279.8K | +16.6% |
| 4 Bedrooms | $497.5K | $211.2K | -57.5% |
| 5+ Bedrooms | $312K | $175K | -43.9% |
Summary: 49622 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 799%, 2 bedroom homes increased by 54.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 57.5%, and 5+ bedroom homes decreased by 43.9%.
Housing Supply in 49622, MI
How many homes are available in 49622, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The 49622 real estate market had 23 homes for sale in October 2024, a 14.8% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49622 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 decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49622, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49622 in October 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49622, MI
How long does it take to sell a home in 49622, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 96 Days | 119 Days | +23.7% |
Summary: Homes in 49622 had an average of 119 days on market in Oct 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49622 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in 49622; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
