$379,900
30.00 Acres
Land
Donald Fedrigon, Listing Office: REMAX Of Elk Rapids
Is 49622, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 49622 was a Seller's Market.
Key Takeaway
49622 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49622, MI
How much do homes in 49622, MI cost?
Median Sold Price
$245,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,000(+4.3%)
Key Takeaway
Homes in 49622 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 49622 was $245,000 in December 2024, up 4.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $750K | +941.7% |
| 2 Bedrooms | $185K | $310K | +67.6% |
| 3 Bedrooms | $284K | $285K | 0.4% |
| 4 Bedrooms | $910K | $211.2K | -76.8% |
| 5+ Bedrooms | $312K | $175K | -43.9% |
Summary: 49622 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 941.7%, 2 bedroom homes increased by 67.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 76.8%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The 49622 real estate market had 16 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49622 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in 49622 in December 2024, up by 100.0% month-over-month. Of the 2 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 81 Days | +75.1% |
Summary: Homes in 49622 had an average of 81 days on market in Dec 2024, up by 75.1% compared to last year.
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 49622 has remained consistent over time.
Summary: During December 2024, 2 homes were sold in 49622; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
