$4,036 Closing Credit*
$339,900
1,396 SqFt
2 Beds
•2 Full Baths
Christina Ingersoll, Listing Office: REMAX Bayshore - Union St TC
Is 49686, 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, 49686 has remained a Seller's Market.
Key Takeaway
49686 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49686, MI
How much do homes in 49686, MI cost?
Median Sold Price
$429,250
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,583(+3.5%)
Key Takeaway
Homes in 49686 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 49686 was $429,250 in November 2024, up 3.5% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $257K | -2.1% |
| 2 Bedrooms | $296.2K | $319.5K | +7.9% |
| 3 Bedrooms | $369K | $400K | +8.4% |
| 4 Bedrooms | $665K | $747.5K | +12.4% |
| 5+ Bedrooms | $1.0M | $785K | -24.7% |
Summary: 49686 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 24.7%.
Housing Supply in 49686, MI
How many homes are available in 49686, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 171 | 145 | -15.2% |
Summary: The 49686 real estate market had 145 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 53 | 45 | -15.1% |
| 3 Bedrooms | 62 | 57 | -8.1% |
| 4 Bedrooms | 35 | 23 | -34.3% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 49686 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 15.1%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 34.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 28 | -31.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49686, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 49686 in November 2024, down by 31.7% month-over-month. Of the 27 sold homes, 67% were sold under asking, 26% were sold at asking, and 7% were sold over asking.
Days on Market for 49686, MI
How long does it take to sell a home in 49686, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 88 Days | +59.2% |
Summary: Homes in 49686 had an average of 88 days on market in Nov 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49686 has remained consistent over time.
Summary: During November 2024, 28 homes were sold in 49686; 4% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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