$2,613 Closing Credit*
$220,000
1,120 SqFt
3 Beds
•1 Full Bath
Jennifer Burr, 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 October 2023
Since last year, 49712 has remained a Seller's Market.
Key Takeaway
49712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49712, MI
How much do homes in 49712, MI cost?
Median Sold Price
$390,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,500(+8.8%)
Key Takeaway
Homes in 49712 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in 49712 was $390,000 in October 2024, up 8.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $161.7K | -21.1% |
| 2 Bedrooms | $161.5K | $224.4K | +39.0% |
| 3 Bedrooms | $384.5K | $339K | -11.8% |
| 4 Bedrooms | $494.5K | $638.7K | +29.2% |
| 5+ Bedrooms | $804.5K | $2.1M | +164.1% |
Summary: 49712 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 39%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 164.1%.
Housing Supply in 49712, MI
How many homes are available in 49712, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 52 | -3.7% |
Summary: The 49712 real estate market had 52 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 31 | 39 | +25.8% |
| 4 Bedrooms | 11 | 3 | -72.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49712 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 72.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49712, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 49712 in October 2024, down by 11.8% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 49712, MI
How long does it take to sell a home in 49712, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 100 Days | +16.3% |
Summary: Homes in 49712 had an average of 100 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 49712 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 15 homes were sold in 49712; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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.