$65,400
1.07 Acres
Land
Ryan Craig, Erika Nita, Listing Office: The Mitten Real Estate Group
Is 49637, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49637 was a Seller's Market.
Key Takeaway
49637 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49637, MI
How much do homes in 49637, MI cost?
Median Sold Price
$359,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,000(+8.8%)
Key Takeaway
Homes in 49637 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 49637 was $359,000 in November 2024, up 8.8% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $116.7K | $132K | +13.1% |
| 3 Bedrooms | $330K | $347.4K | +5.3% |
| 4 Bedrooms | $399.9K | $408.5K | +2.2% |
| 5+ Bedrooms | $480K | $453K | -5.6% |
Summary: 49637 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in 49637, MI
How many homes are available in 49637, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The 49637 real estate market had 16 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49637 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 increased by 50%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49637, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 49637 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 49637, MI
How long does it take to sell a home in 49637, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 52 Days | -9.1% |
Summary: Homes in 49637 had an average of 52 days on market in Nov 2024, down by 9.1% compared to 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
Key Takeaway
Avg time on Rocket Homes in 49637 has remained consistent over time.
Summary: During November 2024, 2 homes were sold in 49637; 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.
