Is 49759, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49759 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 49759 was a Buyer's Market.

Key Takeaway

49759 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49759, MI

How much do homes in 49759, MI cost?

Median Sold Price

$128,000

$142/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$8,000(+6.7%)

Key Takeaway

Homes in 49759 have sold for 6.7% more than they did a month ago.

Summary: The median home sold price in 49759 was $128,000 in November 2024, up 6.7% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$126.5K
N/A
2 -$62.5K
N/A
3 $120K$183.5K
+52.9%
4 --
N/A
5+ --
N/A

Summary: 49759 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 52.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49759, MI

How many homes are available in 49759, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1418+28.6%

Summary: The 49759 real estate market had 18 homes for sale in November 2024, a 28.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 46
+50.0%
3 76
-14.3%
4 01
+100.0%
5+ 02
+100.0%

Summary: The 49759 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 increased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49759, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49759 in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 49759, MI

How long does it take to sell a home in 49759, MI?

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49759 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 49759; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

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