$2,672 Closing Credit*
$225,000
2,347 SqFt
3 Beds
•2 Full Baths
Jennifer Burr, Listing Office: Coldwell Banker Boyne City
Is 49729, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 49729 was a Buyer's Market.
Key Takeaway
49729 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49729, MI
How much do homes in 49729, MI cost?
Median Sold Price
$385,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$75,000(+24.2%)
Key Takeaway
Homes in 49729 have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in 49729 was $385,000 in December 2024, up 24.2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | - | N/A |
| 2 Bedrooms | $280K | $260K | -7.1% |
| 3 Bedrooms | $275K | $457.4K | +66.3% |
| 4 Bedrooms | $380K | $656.2K | +72.7% |
| 5+ Bedrooms | $950.5K | - | N/A |
Summary: 49729 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 66.3%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes did not change.
Housing Supply in 49729, MI
How many homes are available in 49729, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The 49729 real estate market had 7 homes for sale in December 2024, a 16.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49729 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49729, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49729 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49729, MI
How long does it take to sell a home in 49729, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 42 Days | +133.3% |
Summary: Homes in 49729 had an average of 42 days on market in Dec 2024, up by 133.3% 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 49729 has remained consistent over time.
Summary: During December 2024, 2 homes were sold in 49729; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
