$5,224 Closing Credit*
$439,900
1,700 SqFt
4 Beds
•2 Full Baths
Mark Knapp, Listing Office: Coldwell Banker Schmidt-Charlx
Is 49720, 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, 49720 was a Seller's Market.
Key Takeaway
49720 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 49720, MI
How much do homes in 49720, MI cost?
Median Sold Price
$362,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$32,500(-8.2%)
Key Takeaway
Homes in 49720 have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in 49720 was $362,500 in November 2024, down 8.2% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $202.5K | +35.0% |
| 2 Bedrooms | $327.4K | $367.5K | +12.2% |
| 3 Bedrooms | $400K | $309.2K | -22.7% |
| 4 Bedrooms | $550K | $525K | -4.5% |
| 5+ Bedrooms | $799K | $830K | +3.9% |
Summary: 49720 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 49720, MI
How many homes are available in 49720, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 61 | -11.6% |
Summary: The 49720 real estate market had 61 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 49720 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49720, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49720 in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 49720, MI
How long does it take to sell a home in 49720, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 66 Days | +39.4% |
Summary: Homes in 49720 had an average of 66 days on market in Nov 2024, up by 39.4% compared to last year.
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 49720 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 49720; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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.