Is 49755, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49755 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49755 has remained a Seller's Market.

Key Takeaway

49755 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49755, MI

How much do homes in 49755, MI cost?

Median Sold Price

$273,450

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,550(-0.9%)

Key Takeaway

Homes in 49755 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 49755 was $273,450 in October 2024, down 0.9% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$422.4K
N/A
2 $315K$370K
+17.5%
3 $185K$222K
+20.0%
4 $336K$85K
-74.7%
5+ -$456.2K
N/A

Summary: 49755 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 74.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49740
+16.3%
49721
+15.7%
49755
-0.9%

Housing Supply in 49755, MI

How many homes are available in 49755, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
13130.0%

Summary: The 49755 real estate market had 13 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 67
+16.7%
4 21
-50.0%
5+ 11
0.0%

Summary: The 49755 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 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 49755, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 49755 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49755, 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 21 Days Ago

Newest Listings in 49755, MI

Nearby Markets to 49755, MI