$475 Closing Credit*
$40,000
1,350 SqFt
3 Beds
•1 Full Bath
Katerina I Mikhailova, Listing Office: Michigan Top Producers
Is 49655, 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, 49655 was a Neutral Market.
Key Takeaway
49655 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49655, MI
How much do homes in 49655, MI cost?
Median Sold Price
$179,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,750(-6.2%)
Key Takeaway
Homes in 49655 have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in 49655 was $179,000 in October 2024, down 6.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $113.3K | -40.8% |
| 2 Bedrooms | $145K | $232.4K | +60.3% |
| 3 Bedrooms | $169.9K | $170K | 0.1% |
| 4 Bedrooms | $357.5K | $336K | -6.0% |
| 5+ Bedrooms | - | $598.4K | N/A |
Summary: 49655 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.8%, 2 bedroom homes increased by 60.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes did not change.
Housing Supply in 49655, MI
How many homes are available in 49655, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The 49655 real estate market had 22 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49655 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49655, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49655 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49655, MI
How long does it take to sell a home in 49655, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 69 Days | +121.2% |
Summary: Homes in 49655 had an average of 69 days on market in Oct 2024, up by 121.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49655 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 49655; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
