$42,900
0.34 Acres
Land
Karlie Acton, Listing Office: REMAX Bayshore - Union St TC
Is 49696, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 49696 was a Seller's Market.
Key Takeaway
49696 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 49696, MI
How much do homes in 49696, MI cost?
Median Sold Price
$489,900
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,300(+6.6%)
Key Takeaway
Homes in 49696 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 49696 was $489,900 in November 2024, up 6.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $312K | N/A |
| 2 Bedrooms | $295K | $397.5K | +34.7% |
| 3 Bedrooms | $429.9K | $359.9K | -16.3% |
| 4 Bedrooms | $526.8K | $544.3K | +3.3% |
| 5+ Bedrooms | $671.5K | $585K | -12.9% |
Summary: 49696 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 increased by 34.7%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 12.9%.
Housing Supply in 49696, MI
How many homes are available in 49696, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 55 | -8.3% |
Summary: The 49696 real estate market had 55 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 24 | 18 | -25.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 49696 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49696, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 49696 in November 2024, down by 27.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 49696, MI
How long does it take to sell a home in 49696, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 93 Days | +124.1% |
Summary: Homes in 49696 had an average of 93 days on market in Nov 2024, up by 124.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 49696 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in 49696; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
