Is 49635, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49635 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49635 has remained a Seller's Market.

Key Takeaway

49635 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49635, MI

How much do homes in 49635, MI cost?

Median Sold Price

$520,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$103,000(+24.7%)

Key Takeaway

Homes in 49635 have sold for 24.7% more than they did a year ago.

Summary: The median home sold price in 49635 was $520,000 in October 2024, up 24.7% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $355.8K$285K
-19.9%
2 $387.5K$865K
+123.2%
3 $379.5K$391K
+3.0%
4 $560K$520K
-7.1%
5+ $1.0M$1.1M
+13.4%

Summary: 49635 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 123.2%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Zip Codes

49635
+24.7%
49617
-4.8%

Housing Supply in 49635, MI

How many homes are available in 49635, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2725-7.4%

Summary: The 49635 real estate market had 25 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1311
-15.4%
4 99
0.0%
5+ 11
0.0%

Summary: The 49635 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 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 49635, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49635 in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49635, MI

How long does it take to sell a home in 49635, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days102 Days+36.1%

Summary: Homes in 49635 had an average of 102 days on market in Oct 2024, up by 36.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49635 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 49635; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 49635, MI

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