$4,749 Closing Credit*
$399,900
1,810 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tamara McLeod Helsel, 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 October 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
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50(0%)
Key Takeaway
The sold price of homes in 49651 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $219.4K | N/A |
| 2 Bedrooms | $241.5K | $164.9K | -31.7% |
| 3 Bedrooms | $229.9K | $250.5K | +9.0% |
| 4 Bedrooms | $240K | $335K | +39.6% |
| 5+ Bedrooms | $193K | $280K | +45.1% |
Summary: 49651 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 decreased by 31.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Zip Codes
| 49651 | $234.9K | $234.9K | 0% |
| 49633 | $246.3K | $237K | -3.8% |
| 49663 | $229.9K | $212.4K | -7.6% |
Housing Supply in 49651, MI
How many homes are available in 49651, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 50 | -16.7% |
Summary: The 49651 real estate market had 50 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 29 | 21 | -27.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 49651 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 21.4%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were 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. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49651 in October 2024, down by 35.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 75 Days | +17.5% |
Summary: Homes in 49651 had an average of 75 days on market in Oct 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49651 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 11 homes were sold in 49651; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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