Is 49730, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49730 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 49730 has remained a Seller's Market.

Key Takeaway

49730 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49730, MI

How much do homes in 49730, MI cost?

Median Sold Price

$250,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+2.0%)

Key Takeaway

Homes in 49730 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 49730 was $250,000 in November 2024, up 2% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $149.6K$255K
+70.4%
3 $235K$249.9K
+6.3%
4 $260K$264K
+1.5%
5+ $495K$807.5K
+63.1%

Summary: 49730 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 63.1%.

Median Sold Price Compared To Nearby Zip Codes

49727
+36.1%
49713
+20.0%
49735
+5.9%
49730
+2.0%

Housing Supply in 49730, MI

How many homes are available in 49730, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1614-12.5%

Summary: The 49730 real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 119
-18.2%
4 33
0.0%
5+ 01
+100.0%

Summary: The 49730 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 decreased by 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49730, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 49730 in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 49730, MI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 15 Days Ago

Newest Listings in 49730, MI

Nearby Markets to 49730, MI