$2,316 Closing Credit*
$195,000
1,500 SqFt
3 Beds
•1 Full Bath
Jennifer Burr, Listing Office: Coldwell Banker Schmidt - Boyne City
Is 49727, 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, 49727 has remained a Seller's Market.
Key Takeaway
49727 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49727, MI
How much do homes in 49727, MI cost?
Median Sold Price
$371,250
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$90,887(+32.4%)
Key Takeaway
Homes in 49727 have sold for 32.4% more than they did a year ago.
Summary: The median home sold price in 49727 was $371,250 in October 2024, up 32.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $256K | -4.3% |
| 2 Bedrooms | $205K | $299.3K | +46.0% |
| 3 Bedrooms | $250K | $355K | +42.0% |
| 4 Bedrooms | $309K | $390K | +26.2% |
| 5+ Bedrooms | $2.2M | $1.4M | -36.4% |
Summary: 49727 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 46%, 3 bedroom homes increased by 42%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 36.4%.
Housing Supply in 49727, MI
How many homes are available in 49727, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 47 | +9.3% |
Summary: The 49727 real estate market had 47 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 49727 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 increased by 12.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49727, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49727 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 49727, MI
How long does it take to sell a home in 49727, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 88 Days | -18.1% |
Summary: Homes in 49727 had an average of 88 days on market in Oct 2024, down by 18.1% 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 49727 has remained consistent over time.
Summary: During October 2024, 10 homes were sold in 49727; 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.
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