Is 49684, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49684 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 49684 has remained a Seller's Market.

Key Takeaway

49684 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49684, MI

How much do homes in 49684, MI cost?

Median Sold Price

$493,333

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$37,666(+8.3%)

Key Takeaway

Homes in 49684 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 49684 was $493,333 in December 2024, up 8.3% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $365K$335K
-8.2%
2 $395K$424K
+7.3%
3 $439.2K$446.5K
+1.7%
4 $575K$655K
+13.9%
5+ $675K$730K
+8.1%

Summary: 49684 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

49685
+8.5%
49684
+8.3%
49686
+5.5%
49621
-1.9%

Housing Supply in 49684, MI

How many homes are available in 49684, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
114100-12.3%

Summary: The 49684 real estate market had 100 homes for sale in December 2024, a 12.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 108
-20.0%
2 3229
-9.4%
3 4037
-7.5%
4 1816
-11.1%
5+ 1410
-28.6%

Summary: The 49684 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2923-20.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49684, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 49684 in December 2024, down by 20.7% month-over-month. Of the 23 sold homes, 74% were sold under asking, 22% were sold at asking, and 4% were sold over asking.

Days on Market for 49684, MI

How long does it take to sell a home in 49684, MI?

Average Sale Time

Dec 2023Dec 2024CHANGE
148 Days72 Days-50.8%

Summary: Homes in 49684 had an average of 72 days on market in Dec 2024, down by 50.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49684 has remained consistent over time.

Summary: During December 2024, 23 homes were sold in 49684; 4% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 26% 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 8 Days Ago

Newest Listings in 49684, MI

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