$130,000
20.00 Acres
Land
Justin Lewis, Listing Office: Five Star Real Estate - Mitchell St Cadillac
Is 49663, 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, 49663 was a Seller's Market.
Key Takeaway
49663 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49663, MI
How much do homes in 49663, MI cost?
Median Sold Price
$212,450
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,450(-7.6%)
Key Takeaway
Homes in 49663 have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in 49663 was $212,450 in October 2024, down 7.6% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $192.5K | $150K | -22.1% |
| 3 Bedrooms | $250K | $185K | -26.0% |
| 4 Bedrooms | $206K | $329.9K | +60.1% |
| 5+ Bedrooms | $225K | $280K | +24.4% |
Summary: 49663 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 22.1%, 3 bedroom homes decreased by 26%, 4 bedroom homes increased by 60.1%, and 5+ bedroom homes increased by 24.4%.
Housing Supply in 49663, MI
How many homes are available in 49663, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The 49663 real estate market had 16 homes for sale in October 2024, a 23.1% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49663 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49663, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49663 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49663, MI
How long does it take to sell a home in 49663, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 74 Days | +32.1% |
Summary: Homes in 49663 had an average of 74 days on market in Oct 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49663 has remained consistent over time.
Summary: During October 2024, 2 homes were sold in 49663; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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