$1,769 Closing Credit*
$149,000
920 SqFt
2 Beds
•1 Full Bath
Michael C Holcomb, Listing Office: Edgerow Properties
Is 49623, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49623 was a Seller's Market.
Key Takeaway
49623 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49623, MI
How much do homes in 49623, MI cost?
Median Sold Price
$199,900
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,850(-5.6%)
Key Takeaway
Homes in 49623 have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in 49623 was $199,900 in October 2024, down 5.6% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | - | N/A |
| 2 Bedrooms | $234.5K | $145K | -38.2% |
| 3 Bedrooms | $213.5K | $190K | -11.0% |
| 4 Bedrooms | $245K | $207.5K | -15.3% |
| 5+ Bedrooms | $147.5K | $199.9K | +35.5% |
Summary: 49623 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.2%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 35.5%.
Median Sold Price Compared To Nearby Zip Codes
| 49677 | $156K | $165K | +5.8% |
| 49623 | $211.7K | $199.9K | -5.6% |
Housing Supply in 49623, MI
How many homes are available in 49623, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 49623 real estate market had 12 homes for sale in October 2024, a 9.1% increase 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49623 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49623, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49623 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 164 Days | +498.2% |
Summary: Homes in 49623 had an average of 164 days on market in Oct 2024, up by 498.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49623 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in 49623; 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.
