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 November 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

$490,000

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,333(+7.5%)

Key Takeaway

Homes in 49684 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 49684 was $490,000 in November 2024, up 7.5% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $365K$335K
-8.2%
2 $395K$415K
+5.1%
3 $440K$448K
+1.8%
4 $580K$655K
+12.9%
5+ $745K$683K
-8.3%

Summary: 49684 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

49684
+7.5%
49685
+7.1%
49686
+3.5%
49650
-1.0%
49621
-8.7%

Housing Supply in 49684, MI

How many homes are available in 49684, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153143-6.5%

Summary: The 49684 real estate market had 143 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1313
0.0%
2 4847
-2.1%
3 4542
-6.7%
4 3027
-10.0%
5+ 1714
-17.6%

Summary: The 49684 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 2.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 17.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2326+13.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 49684 in November 2024, up by 13.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
32 Days73 Days+126.3%

Summary: Homes in 49684 had an average of 73 days on market in Nov 2024, up by 126.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 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 November 2024, 26 homes were sold in 49684; 15% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 27% 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 2 Days Ago

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