$59,900
10.01 Acres
Land
Linda Koetje, Listing Office: City2Shore Real Estate Northern Michigan
Is 49651, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 49651 has remained a Seller's Market.
Key Takeaway
49651 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49651, MI
How much do homes in 49651, MI cost?
Median Sold Price
$234,900
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,400(+10.5%)
Key Takeaway
Homes in 49651 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 49651 was $234,900 in November 2024, up 10.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $204K | +126.9% |
| 2 Bedrooms | $197.5K | $164.9K | -16.5% |
| 3 Bedrooms | $225K | $250.5K | +11.3% |
| 4 Bedrooms | $210K | $365K | +73.8% |
| 5+ Bedrooms | $225K | $280K | +24.4% |
Summary: 49651 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.9%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 73.8%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Zip Codes
| 49651 | $212.5K | $234.9K | +10.5% |
| 49633 | $246.3K | $238.5K | -3.2% |
| 49663 | $229.9K | $195K | -15.2% |
Housing Supply in 49651, MI
How many homes are available in 49651, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Summary: The 49651 real estate market had 41 homes for sale in November 2024, a 16.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 49651 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 decreased by 36.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49651, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 49651 in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 49651, MI
How long does it take to sell a home in 49651, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 78 Days | +37.3% |
Summary: Homes in 49651 had an average of 78 days on market in Nov 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49651 has remained consistent over time.
Summary: During November 2024, 9 homes were sold in 49651; 0% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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