Is 49682, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49682 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 49682 has remained a Seller's Market.

Key Takeaway

49682 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49682, MI

How much do homes in 49682, MI cost?

Median Sold Price

$757,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$113,000(+17.5%)

Key Takeaway

Homes in 49682 have sold for 17.5% more than they did a year ago.

Summary: The median home sold price in 49682 was $757,000 in November 2024, up 17.5% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $422K$735K
+74.2%
3 $770K$599.7K
-22.1%
4 $630K$862K
+36.8%
5+ $1.1M-
N/A

Summary: 49682 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.2%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49670
+37.7%
49682
+17.5%
49684
+7.5%
49653
-8.2%

Housing Supply in 49682, MI

How many homes are available in 49682, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2123+9.5%

Summary: The 49682 real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 1010
0.0%
4 45
+25.0%
5+ 13
+200.0%

Summary: The 49682 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were 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 49682, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 49682 in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 49682, MI

How long does it take to sell a home in 49682, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days74 Days+122.0%

Summary: Homes in 49682 had an average of 74 days on market in Nov 2024, up by 122% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 49682 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 49682; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in 49682, MI

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