$2,126 Closing Credit*
$179,000
900 SqFt
2 Beds
•2 Full Baths
Ken Ames, Listing Office: Kidd & Leavy Real Estate Co. LLC
Is 49735, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 49735 has remained a Seller's Market.
Key Takeaway
49735 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49735, MI
How much do homes in 49735, MI cost?
Median Sold Price
$275,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,400(+5.9%)
Key Takeaway
Homes in 49735 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 49735 was $275,000 in November 2024, up 5.9% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $102.5K | +70.9% |
| 2 Bedrooms | $202.5K | $210K | +3.7% |
| 3 Bedrooms | $250K | $276.5K | +10.6% |
| 4 Bedrooms | $310K | $355K | +14.5% |
| 5+ Bedrooms | $300K | $378.5K | +26.2% |
Summary: 49735 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 26.2%.
Housing Supply in 49735, MI
How many homes are available in 49735, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 127 | -3.8% |
Summary: The 49735 real estate market had 127 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 49735 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 20%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49735, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 49735 in November 2024, down by 7.4% month-over-month. Of the 25 sold homes, 64% were sold under asking, 16% were sold at asking, and 20% were sold over asking.
Days on Market for 49735, MI
How long does it take to sell a home in 49735, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 11 Days | -77.7% |
Summary: Homes in 49735 had an average of 11 days on market in Nov 2024, down by 77.7% 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 49735 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 49735; 4% 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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