$2,434 Closing Credit*
$205,000
796 SqFt
2 Beds
•1 Full Bath
Doug Taylor, Listing Office: Coldwell Banker Schmidt-Benzie
Is 49640, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49640 has remained a Seller's Market.
Key Takeaway
49640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49640, MI
How much do homes in 49640, MI cost?
Median Sold Price
$460,000
$235/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$48,000(+11.7%)
Key Takeaway
Homes in 49640 have sold for 11.7% more than they did a month ago.
Summary: The median home sold price in 49640 was $460,000 in October 2024, up 11.7% from last month, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $412K | $497K | +20.6% |
| 3 Bedrooms | $566.2K | - | N/A |
| 4 Bedrooms | $245K | $407K | +66.1% |
| 5+ Bedrooms | $1.8M | - | N/A |
Summary: 49640 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 increased by 20.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 66.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49640 | $412K | $460K | +11.7% |
| 49630 | $745K | $686.9K | -7.8% |
Housing Supply in 49640, MI
How many homes are available in 49640, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Summary: The 49640 real estate market had 10 homes for sale in October 2024, a 41.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49640 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 decreased by 60%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49640, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49640 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49640, MI
How long does it take to sell a home in 49640, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 66 Days | +38.1% |
Summary: Homes in 49640 had an average of 66 days on market in Oct 2024, up by 38.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49640 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 49640; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
