Is 49676, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49676 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 49676 was a Seller's Market.

Key Takeaway

49676 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 49676, MI

How much do homes in 49676, MI cost?

Median Sold Price

$415,000

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+5.1%)

Key Takeaway

Homes in 49676 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 49676 was $415,000 in October 2024, up 5.1% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $117K$350K
+199.1%
2 $450.5K$335.5K
-25.5%
3 $315K$334K
+6.0%
4 $720K$766K
+6.4%
5+ $1.8M$1.4M
-22.7%

Summary: 49676 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 199.1%, 2 bedroom homes decreased by 25.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

49690
+29.6%
49629
+16.5%
49676
+5.1%

Housing Supply in 49676, MI

How many homes are available in 49676, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
30300.0%

Summary: The 49676 real estate market had 30 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 86
-25.0%
3 1413
-7.1%
4 67
+16.7%
5+ 12
+100.0%

Summary: The 49676 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were 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 49676, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49676 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 49676, MI

How long does it take to sell a home in 49676, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days148 Days+120.1%

Summary: Homes in 49676 had an average of 148 days on market in Oct 2024, up by 120.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49676 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 49676; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 49676, MI

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