Is 49633, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49633 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 49633 was a Seller's Market.

Key Takeaway

49633 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49633, MI

How much do homes in 49633, MI cost?

Median Sold Price

$238,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,887(-3.2%)

Key Takeaway

Homes in 49633 have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in 49633 was $238,500 in November 2024, down 3.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $120K$62.4K
-48.0%
2 $182.5K$205K
+12.3%
3 $268.7K$240K
-10.7%
4 $300K$346.5K
+15.5%
5+ $345.5K$442.4K
+28.1%

Summary: 49633 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 28.1%.

Median Sold Price Compared To Nearby Zip Codes

49651
+10.5%
49646
+1.1%
49633
-3.2%
49663
-15.2%

Housing Supply in 49633, MI

How many homes are available in 49633, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The 49633 real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 46
+50.0%
3 97
-22.2%
4 35
+66.7%
5+ 00
0.0%

Summary: The 49633 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49633, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 49633 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49633, MI

How long does it take to sell a home in 49633, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days61 Days0.0%

Summary: Homes in 49633 had an average of 61 days on market in Nov 2024, the same as last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49633 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 49633; 0% of homes were sold within 30 days, 100% 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 18 Days Ago

Newest Listings in 49633, MI

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