Is 49625, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49625 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 49625 was a Buyer's Market.

Key Takeaway

49625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49625, MI

How much do homes in 49625, MI cost?

Median Sold Price

$250,000

$154/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$140,000(+127.3%)

Key Takeaway

Homes in 49625 have sold for 127.3% more than they did a month ago.

Summary: The median home sold price in 49625 was $250,000 in November 2024, up 127.3% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $110K-
N/A
2 --
N/A
3 -$250K
N/A
4 -$299.9K
N/A
5+ --
N/A

Summary: 49625 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 did not change, 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

49625
+127.3%
49645
-38.5%

Housing Supply in 49625, MI

How many homes are available in 49625, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The 49625 real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 78
+14.3%
4 11
0.0%
5+ 00
0.0%

Summary: The 49625 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49625, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 49625 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 49625, MI

How long does it take to sell a home in 49625, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
182 Days89 Days-51.1%

Summary: Homes in 49625 had an average of 89 days on market in Nov 2024, down by 51.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49625 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 49625; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 49625, MI

Nearby Markets to 49625, MI