$2,363 Closing Credit*
$199,000
924 SqFt
2 Beds
•1 Full Bath
Jamie Warchol, Listing Office: Coldwell Banker Schmidt- Harbor Springs
Is 49706, 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, 49706 was a Seller's Market.
Key Takeaway
49706 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49706, MI
How much do homes in 49706, MI cost?
Median Sold Price
$310,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.0%)
Key Takeaway
Homes in 49706 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 49706 was $310,000 in October 2024, up 1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $103.5K | -20.3% |
| 2 Bedrooms | $230K | $241K | +4.8% |
| 3 Bedrooms | $271.8K | $302.5K | +11.3% |
| 4 Bedrooms | $408.5K | $640.5K | +56.8% |
| 5+ Bedrooms | $570K | $1.0M | +84.1% |
Summary: 49706 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes increased by 84.1%.
Median Sold Price Compared To Nearby Zip Codes
| 49770 | $415.5K | $433.6K | +4.4% |
| 49706 | $307K | $310K | +1.0% |
Housing Supply in 49706, MI
How many homes are available in 49706, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The 49706 real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49706 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49706, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49706 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49706, MI
How long does it take to sell a home in 49706, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49706 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 49706; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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