$22,500
0.01 Acres
Land
Alan Pierce, Listing Office: Dwelling Realty - KW Northern Michigan
Is 49660, 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, 49660 has remained a Seller's Market.
Key Takeaway
49660 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49660, MI
How much do homes in 49660, MI cost?
Median Sold Price
$230,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-3.2%)
Key Takeaway
Homes in 49660 have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in 49660 was $230,000 in November 2024, down 3.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $137.2K | +96.0% |
| 2 Bedrooms | $245K | $245K | 0.0% |
| 3 Bedrooms | $207.5K | $215K | +3.6% |
| 4 Bedrooms | $300K | $272.5K | -9.2% |
| 5+ Bedrooms | $365K | $260K | -28.8% |
Summary: 49660 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 28.8%.
Housing Supply in 49660, MI
How many homes are available in 49660, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 78 | -8.2% |
Summary: The 49660 real estate market had 78 homes for sale in November 2024, a 8.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 49660 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49660, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 49660 in November 2024, down by 5.3% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 49660, MI
How long does it take to sell a home in 49660, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 33 Days | -23.2% |
Summary: Homes in 49660 had an average of 33 days on market in Nov 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49660 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 49660; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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