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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49633 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49633 has remained a Seller's Market.

Key Takeaway

49633 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49633, MI

How much do homes in 49633, MI cost?

Median Sold Price

$237,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,387(-3.8%)

Key Takeaway

Homes in 49633 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 49633 was $237,000 in October 2024, down 3.8% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $159.9K$62.4K
-61.0%
2 $190K$198.7K
+4.6%
3 $334.7K$237K
-29.2%
4 $245.5K$318K
+29.5%
5+ $330K$401.7K
+21.7%

Summary: 49633 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 21.7%.

Median Sold Price Compared To Nearby Zip Codes

49646
+3.4%
49651
0%
49633
-3.8%
49663
-7.6%

Housing Supply in 49633, MI

How many homes are available in 49633, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2724-11.1%

Summary: The 49633 real estate market had 24 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 45
+25.0%
3 1411
-21.4%
4 54
-20.0%
5+ 00
0.0%

Summary: The 49633 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 25%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49633 in October 2024, down by 37.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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

Oct 2023Oct 2024CHANGE
60 Days72 Days+19.1%

Summary: Homes in 49633 had an average of 72 days on market in Oct 2024, up by 19.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 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 49633 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 49633; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

Newest Listings in 49633, MI

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