$1,366 Closing Credit*
$115,000
980 SqFt
2 Beds
•1 Full Bath
Michaela Burman, Listing Office: RE/MAX TOGETHER
Is 49623, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, 49623 was a Neutral Market.
Key Takeaway
49623 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49623, MI
How much do homes in 49623, MI cost?
Median Sold Price
$200,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,000(+5.3%)
Key Takeaway
Homes in 49623 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 49623 was $200,000 in September 2024, up 5.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | - | N/A |
| 2 Bedrooms | $220.5K | $205K | -7.0% |
| 3 Bedrooms | $225K | $200K | -11.1% |
| 4 Bedrooms | - | $245K | N/A |
| 5+ Bedrooms | $147.5K | $199.9K | +35.5% |
Summary: 49623 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 35.5%.
Median Sold Price Compared To Nearby Zip Codes
| 49677 | $151K | $165K | +9.3% |
| 49623 | $190K | $200K | +5.3% |
Housing Supply in 49623, MI
How many homes are available in 49623, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The 49623 real estate market had 10 homes for sale in September 2024, a 9.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49623 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 49623, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 49623 in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 49623, MI
How long does it take to sell a home in 49623, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 4 Days | -89.7% |
Summary: Homes in 49623 had an average of 4 days on market in Sep 2024, down by 89.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49623 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in 49623; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
