$50,000
Land
Chet Wheeler, Listing Office: Re/Max Of Grayling
Is 49738, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 49738 was a Seller's Market.
Key Takeaway
49738 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 49738, MI
How much do homes in 49738, MI cost?
Median Sold Price
$184,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,900(+9.4%)
Key Takeaway
Homes in 49738 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 49738 was $184,900 in October 2024, up 9.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $53.4K | -43.7% |
| 2 Bedrooms | $132.5K | $147.4K | +11.3% |
| 3 Bedrooms | $207.5K | $237K | +14.2% |
| 4 Bedrooms | $195K | $175K | -10.3% |
| 5+ Bedrooms | $386K | $485K | +25.6% |
Summary: 49738 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in 49738, MI
How many homes are available in 49738, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 71 | +9.2% |
Summary: The 49738 real estate market had 71 homes for sale in October 2024, a 9.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 49738 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 14.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49738, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49738 in October 2024, up by 22.2% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 49738, MI
How long does it take to sell a home in 49738, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 31 Days | +89.9% |
Summary: Homes in 49738 had an average of 31 days on market in Oct 2024, up by 89.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49738 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 49738; 18% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.