$4,511 Closing Credit*
$379,900
1,740 SqFt
4 Beds
•2 Full Baths
Mark Kowalske, Listing Office: Coldwell Banker Schmidt - Boyne City
Is 49712, 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, 49712 was a Seller's Market.
Key Takeaway
49712 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49712, MI
How much do homes in 49712, MI cost?
Median Sold Price
$389,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+8.4%)
Key Takeaway
Homes in 49712 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 49712 was $389,000 in November 2024, up 8.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $161.7K | -21.1% |
| 2 Bedrooms | $175.7K | $230.2K | +31.0% |
| 3 Bedrooms | $378.5K | $343K | -9.4% |
| 4 Bedrooms | $503K | $617.5K | +22.8% |
| 5+ Bedrooms | $1.2M | $1.4M | +12.0% |
Summary: 49712 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 31%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 12%.
Housing Supply in 49712, MI
How many homes are available in 49712, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 46 | -8.0% |
Summary: The 49712 real estate market had 46 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 37 | 29 | -21.6% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 49712 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 increased by 37.5%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49712, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49712 in November 2024, down by 62.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 49712, MI
We’re sorry, we don't have information for this market at the moment
