Is 49665, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49665 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 49665 was a Seller's Market.

Key Takeaway

49665 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49665, MI

How much do homes in 49665, MI cost?

Median Sold Price

$165,300

$153/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$32,700(-16.5%)

Key Takeaway

Homes in 49665 have sold for 16.5% less than they did a month ago.

Summary: The median home sold price in 49665 was $165,300 in November 2024, down 16.5% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $198K$207K
+4.5%
3 $234.7K-
N/A
4 --
N/A
5+ -$123.6K
N/A

Summary: 49665 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49657
+7.3%
49665
-16.5%

Housing Supply in 49665, MI

How many homes are available in 49665, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1615-6.3%

Summary: The 49665 real estate market had 15 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 76
-14.3%
3 64
-33.3%
4 12
+100.0%
5+ 22
0.0%

Summary: The 49665 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49665, 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 49665 in November 2024, down by 33.3% month-over-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 49665, MI

How long does it take to sell a home in 49665, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
11 Days170 Days+1445.5%

Summary: Homes in 49665 had an average of 170 days on market in Nov 2024, up by 1445.5% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49665 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 49665; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 49665, MI

Nearby Markets to 49665, MI