Is 49642, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49642 is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, 49642 has remained a Neutral Market.

Key Takeaway

49642 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 49642, MI

How much do homes in 49642, MI cost?

Median Sold Price

$24,500

$27/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$115,500(-82.5%)

Key Takeaway

Homes in 49642 have sold for 82.5% less than they did a month ago.

Summary: The median home sold price in 49642 was $24,500 in November 2024, down 82.5% from last month, and the median price per square foot was $27.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$24.5K
N/A
3 $140K-
N/A
4 --
N/A
5+ --
N/A

Summary: 49642 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49623
-7.8%
49642
-82.5%

Housing Supply in 49642, MI

How many homes are available in 49642, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 49642 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 22
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 49642 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 49642, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 49642 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49642, MI

How long does it take to sell a home in 49642, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
45 Days184 Days+308.9%

Summary: Homes in 49642 had an average of 184 days on market in Nov 2024, up by 308.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 49642 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 49642; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 17 Days Ago

Newest Listings in 49642, MI

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