$8,906 Closing Credit*
$750,000
4,227 SqFt
4 Beds
•2 Full Baths, 1 Partial
Daniella Bell, Listing Office: Coldwell Banker Schmidt-Cadillac
Is 49688, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49688 has remained a Seller's Market.
Key Takeaway
49688 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49688, MI
How much do homes in 49688, MI cost?
Median Sold Price
$359,000
$122/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$114,000(+46.5%)
Key Takeaway
Homes in 49688 have sold for 46.5% more than they did a month ago.
Summary: The median home sold price in 49688 was $359,000 in November 2024, up 46.5% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | - | N/A |
| 3 Bedrooms | $475K | $359K | -24.4% |
| 4 Bedrooms | $245K | $253.5K | +3.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49688 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49688 | $245K | $359K | +46.5% |
| 49657 | $279.5K | $300K | +7.3% |
Housing Supply in 49688, MI
How many homes are available in 49688, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The 49688 real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49688 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49688, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 49688 in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 49688, MI
How long does it take to sell a home in 49688, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 41 Days | -57.6% |
Summary: Homes in 49688 had an average of 41 days on market in Nov 2024, down by 57.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49688 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 49688; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
