$4,691 Closing Credit*
$395,000
2,000 SqFt
4 Beds
•1 Full Bath
Mary Hoyt, Listing Office: REO-TCBeulah-Frankfort-233027
Is 49685, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 49685 has remained a Seller's Market.
Key Takeaway
49685 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49685, MI
How much do homes in 49685, MI cost?
Median Sold Price
$428,800
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,550(+7.1%)
Key Takeaway
Homes in 49685 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 49685 was $428,800 in November 2024, up 7.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $420K | N/A |
| 2 Bedrooms | $329.5K | $287.4K | -12.8% |
| 3 Bedrooms | $357.9K | $398.5K | +11.3% |
| 4 Bedrooms | $500.5K | $465.1K | -7.1% |
| 5+ Bedrooms | $688K | $616.5K | -10.4% |
Summary: 49685 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 decreased by 12.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in 49685, MI
How many homes are available in 49685, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 112 | +0.9% |
Summary: The 49685 real estate market had 112 homes for sale in November 2024, a 0.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 45 | 46 | +2.2% |
| 4 Bedrooms | 39 | 38 | -2.6% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 49685 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49685, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 49685 in November 2024, up by 47.1% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for 49685, MI
How long does it take to sell a home in 49685, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 87 Days | +142.3% |
Summary: Homes in 49685 had an average of 87 days on market in Nov 2024, up by 142.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49685 has remained consistent over time.
Summary: During November 2024, 25 homes were sold in 49685; 4% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.