Is 49727, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49727 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 49727 was a Seller's Market.

Key Takeaway

49727 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 49727, MI

How much do homes in 49727, MI cost?

Median Sold Price

$367,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$97,500(+36.1%)

Key Takeaway

Homes in 49727 have sold for 36.1% more than they did a year ago.

Summary: The median home sold price in 49727 was $367,500 in November 2024, up 36.1% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $267.5K$256K
-4.3%
2 $193K$238K
+23.3%
3 $250K$347.5K
+39.0%
4 $309K$395K
+27.8%
5+ $3.8M$825K
-78.6%

Summary: 49727 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 78.6%.

Median Sold Price Compared To Nearby Zip Codes

49727
+36.1%
49729
+15.4%
49712
+8.4%
49720
-8.2%

Housing Supply in 49727, MI

How many homes are available in 49727, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4438-13.6%

Summary: The 49727 real estate market had 38 homes for sale in November 2024, a 13.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 1814
-22.2%
4 1210
-16.7%
5+ 54
-20.0%

Summary: The 49727 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 14.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49727, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 49727 in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
51 Days73 Days+41.7%

Summary: Homes in 49727 had an average of 73 days on market in Nov 2024, up by 41.7% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49727 has remained consistent over time.

Summary: During November 2024, 6 homes were sold in 49727; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 49727, MI

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