Is 49670, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49670 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49670 has remained a Seller's Market.

Key Takeaway

49670 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49670, MI

How much do homes in 49670, MI cost?

Median Sold Price

$765,500

$967/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$346,500(+82.7%)

Key Takeaway

Homes in 49670 have sold for 82.7% more than they did a month ago.

Summary: The median home sold price in 49670 was $765,500 in October 2024, up 82.7% from last month, and the median price per square foot was $967.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $585K$765.5K
+30.9%
3 $253K-
N/A
4 --
N/A
5+ --
N/A

Summary: 49670 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 increased by 30.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49670, MI

How many homes are available in 49670, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108-20.0%

Summary: The 49670 real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 32
-33.3%
4 12
+100.0%
5+ 32
-33.3%

Summary: The 49670 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 decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49670, 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 49670 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 49670, MI

How long does it take to sell a home in 49670, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
80 Days54 Days-32.9%

Summary: Homes in 49670 had an average of 54 days on market in Oct 2024, down by 32.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49670 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 49670; 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.

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

Report Updated 23 Days Ago

Newest Listings in 49670, MI

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