$4,155 Closing Credit*
$349,900
1,202 SqFt
2 Beds
•1 Full Bath, 1 Partial
Mark Hagan, Listing Office: Coldwell Banker Schmidt Traverse City
Is 49682, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$790,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$123,500(+18.5%)
Key Takeaway
Homes in 49682 have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in 49682 was $790,000 in October 2024, up 18.5% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $441.2K | $735K | +66.6% |
| 3 Bedrooms | $770K | $599.7K | -22.1% |
| 4 Bedrooms | $644K | $855K | +32.8% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: 49682 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.6%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes did not change.
Housing Supply in 49682, MI
How many homes are available in 49682, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Summary: The 49682 real estate market had 21 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49682 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 14.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49682, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49682 in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 58 Days | +13.6% |
Summary: Homes in 49682 had an average of 58 days on market in Oct 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49682 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49682; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
