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 4 Days Ago

Newest Listings in 49670, MI

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