$2,018 Closing Credit*
$169,900
1,960 SqFt
3 Beds
•2 Full Baths
Linda Koetje, Listing Office: City2Shore Real Estate Northern Michigan
Is 49657, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 49657 was a Buyer's Market.
Key Takeaway
49657 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49657, MI
How much do homes in 49657, MI cost?
Median Sold Price
$279,500
$138/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$130,500(+87.6%)
Key Takeaway
Homes in 49657 have sold for 87.6% more than they did a month ago.
Summary: The median home sold price in 49657 was $279,500 in October 2024, up 87.6% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $259K | N/A |
| 3 Bedrooms | $149K | $233K | +56.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $305K | N/A |
Summary: 49657 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 56.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 49657, MI
How many homes are available in 49657, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The 49657 real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49657 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49657, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 49657 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 49657, MI
How long does it take to sell a home in 49657, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 47 Days | +115.9% |
Summary: Homes in 49657 had an average of 47 days on market in Oct 2024, up by 115.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49657 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49657; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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