Is 49623, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49623 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49623 has remained a Seller's Market.

Key Takeaway

49623 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49623, MI

How much do homes in 49623, MI cost?

Median Sold Price

$124,450

$130/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$10,550(-7.8%)

Key Takeaway

Homes in 49623 have sold for 7.8% less than they did a month ago.

Summary: The median home sold price in 49623 was $124,450 in November 2024, down 7.8% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $90K$124.4K
+38.3%
3 $180K-
N/A
4 --
N/A
5+ --
N/A

Summary: 49623 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49623
-7.8%
49642
-82.5%

Housing Supply in 49623, MI

How many homes are available in 49623, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The 49623 real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 77
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 49623 housing inventory by bedroom type for November 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2 homes were sold or pending in 49623 in November 2024, the same as the previous month. Of the 2 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

Oct 2024Nov 2024CHANGE
165 Days43 Days-73.6%

Summary: Homes in 49623 had an average of 43 days on market in Nov 2024, down by 73.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49623 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 49623; 50% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 49623, MI

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