$4,452 Closing Credit*
$374,900
1,688 SqFt
3 Beds
•2 Full Baths
T. J. Shimek, Listing Office: The Mitten Real Estate Group
Is 49646, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49646 was a Seller's Market.
Key Takeaway
49646 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49646, MI
How much do homes in 49646, MI cost?
Median Sold Price
$240,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+3.4%)
Key Takeaway
Homes in 49646 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 49646 was $240,000 in October 2024, up 3.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $78K | -37.6% |
| 2 Bedrooms | $179K | $214.9K | +20.1% |
| 3 Bedrooms | $244.9K | $260K | +6.1% |
| 4 Bedrooms | $350K | $279.5K | -20.1% |
| 5+ Bedrooms | $205K | $767.5K | +274.4% |
Summary: 49646 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.6%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes increased by 274.4%.
Housing Supply in 49646, MI
How many homes are available in 49646, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 52 | -5.5% |
Summary: The 49646 real estate market had 52 homes for sale in October 2024, a 5.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49646 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49646, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 49646 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 49646, MI
How long does it take to sell a home in 49646, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 54 Days | -27.9% |
Summary: Homes in 49646 had an average of 54 days on market in Oct 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49646 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 49646; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.