Is 49680, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49680 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49680 has remained a Seller's Market.

Key Takeaway

49680 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49680, MI

How much do homes in 49680, MI cost?

Median Sold Price

$209,950

$214/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$8,200(+4.1%)

Key Takeaway

Homes in 49680 have sold for 4.1% more than they did a month ago.

Summary: The median home sold price in 49680 was $209,950 in November 2024, up 4.1% from last month, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $52K-
N/A
2 $175.5K$213.4K
+21.6%
3 $237.5K$206.5K
-13.1%
4 --
N/A
5+ --
N/A

Summary: 49680 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 21.6%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49680, MI

How many homes are available in 49680, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
96-33.3%

Summary: The 49680 real estate market had 6 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 32
-33.3%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 49680 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

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 49680, 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 49680 in November 2024, down by 50.0% month-over-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 49680, MI

How long does it take to sell a home in 49680, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
54 Days61 Days+12.8%

Summary: Homes in 49680 had an average of 61 days on market in Nov 2024, up by 12.8% 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 49680 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 49680; 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 21 Days Ago

Newest Listings in 49680, MI

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