$2,598 Closing Credit*
$218,800
2,744 SqFt
5 Beds
•2 Full Baths, 1 Partial
Jacqueline A Tolstyka, Listing Office: COLDWELL BANKER SCHMIDT CHEBOYGAN
Is 49721, 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, 49721 has remained a Seller's Market.
Key Takeaway
49721 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49721, MI
How much do homes in 49721, MI cost?
Median Sold Price
$218,250
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,550(+15.7%)
Key Takeaway
Homes in 49721 have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in 49721 was $218,250 in October 2024, up 15.7% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.7K | $192.5K | -15.8% |
| 2 Bedrooms | $164.5K | $212.5K | +29.2% |
| 3 Bedrooms | $180K | $207K | +15.0% |
| 4 Bedrooms | $272K | $320K | +17.6% |
| 5+ Bedrooms | $290K | $324K | +11.7% |
Summary: 49721 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Zip Codes
| 49721 | $188.7K | $218.2K | +15.7% |
| 49749 | $338K | $362.5K | +7.2% |
Housing Supply in 49721, MI
How many homes are available in 49721, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 96 | -1.0% |
Summary: The 49721 real estate market had 96 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 49721 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49721, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 49721 in October 2024, up by 20.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 6% were sold at asking, and 22% were sold over asking.
Days on Market for 49721, MI
How long does it take to sell a home in 49721, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 26 Days | +420.0% |
Summary: Homes in 49721 had an average of 26 days on market in Oct 2024, up by 420% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49721 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 49721; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.