$2,078 Closing Credit*
$175,000
354 SqFt
1 Bed
•1 Full Bath
#50159910, Matthew Pellerito, Listing Office: Realteam Real Estate
Is 49690, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49690 was a Seller's Market.
Key Takeaway
49690 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49690, MI
How much do homes in 49690, MI cost?
Median Sold Price
$543,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$124,000(+29.6%)
Key Takeaway
Homes in 49690 have sold for 29.6% more than they did a year ago.
Summary: The median home sold price in 49690 was $543,000 in October 2024, up 29.6% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $305K | $319K | +4.6% |
| 3 Bedrooms | $377K | $493.7K | +31.0% |
| 4 Bedrooms | $750K | $692.5K | -7.7% |
| 5+ Bedrooms | $750K | $965K | +28.7% |
Summary: 49690 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 31%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 28.7%.
Housing Supply in 49690, MI
How many homes are available in 49690, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 60 | +1.7% |
Summary: The 49690 real estate market had 60 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The 49690 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49690, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49690 in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 49690, MI
How long does it take to sell a home in 49690, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 104 Days | +23.4% |
Summary: Homes in 49690 had an average of 104 days on market in Oct 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49690 has remained consistent over time.
Summary: During October 2024, 10 homes were sold in 49690; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information 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 about said listings includes the listing office information. 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 NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.