Is 49630, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49630 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49630 has remained a Seller's Market.

Key Takeaway

49630 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49630, MI

How much do homes in 49630, MI cost?

Median Sold Price

$686,950

$397/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$58,050(-7.8%)

Key Takeaway

Homes in 49630 have sold for 7.8% less than they did a month ago.

Summary: The median home sold price in 49630 was $686,950 in October 2024, down 7.8% from last month, and the median price per square foot was $397.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$532.4K
N/A
3 $540K$921.5K
+70.6%
4 $950K-
N/A
5+ --
N/A

Summary: 49630 housing prices by bedroom type for October 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 increased by 70.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49664
+194.3%
49636
+15.4%
49640
+11.7%
49630
-7.8%

Housing Supply in 49630, MI

How many homes are available in 49630, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 49630 real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 54
-20.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 49630 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 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49630, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 49630 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 49630, MI

How long does it take to sell a home in 49630, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
61 Days42 Days-29.9%

Summary: Homes in 49630 had an average of 42 days on market in Oct 2024, down by 29.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 49630 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 49630; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in 49630, MI

Nearby Markets to 49630, MI