Is 49643, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49643 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49643 has remained a Seller's Market.

Key Takeaway

49643 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49643, MI

How much do homes in 49643, MI cost?

Median Sold Price

$345,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,500(+11.5%)

Key Takeaway

Homes in 49643 have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in 49643 was $345,000 in October 2024, up 11.5% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $120K-
N/A
2 $182K$265K
+45.6%
3 $321.5K$319K
-0.8%
4 $402.9K$470K
+16.7%
5+ $695.3K$517.5K
-25.6%

Summary: 49643 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25.6%.

Median Sold Price Compared To Nearby Zip Codes

49683
+34.2%
49643
+11.5%
49685
+4.9%

Housing Supply in 49643, MI

How many homes are available in 49643, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4435-20.5%

Summary: The 49643 real estate market had 35 homes for sale in October 2024, a 20.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 67
+16.7%
3 2517
-32.0%
4 97
-22.2%
5+ 33
0.0%

Summary: The 49643 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 16.7%, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1910-47.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49643, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 49643 in October 2024, down by 47.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.

Days on Market for 49643, MI

How long does it take to sell a home in 49643, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days117 Days+100.2%

Summary: Homes in 49643 had an average of 117 days on market in Oct 2024, up by 100.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 49643 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 10 homes were sold in 49643; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 60% 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 49643, MI

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