$195,000
40.00 Acres
Land
Paul A Momrik, Listing Office: CENTURY 21 NORTHLAND of ALPENA
Is 49766, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49766 has remained a Seller's Market.
Key Takeaway
49766 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49766, MI
How much do homes in 49766, MI cost?
Median Sold Price
$219,000
$141/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$181,000(-45.3%)
Key Takeaway
Homes in 49766 have sold for 45.2% less than they did a month ago.
Summary: The median home sold price in 49766 was $219,000 in December 2024, down 45.3% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | - | N/A |
| 3 Bedrooms | - | $219K | N/A |
| 4 Bedrooms | $487.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49766 housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 48762 | $135K | $122.5K | -9.3% |
| 49766 | $400K | $219K | -45.3% |
Housing Supply in 49766, MI
How many homes are available in 49766, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 49766 real estate market had 9 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49766 housing inventory by bedroom type for December 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 50%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49766, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 49766 in December 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 49766, MI
We’re sorry, we don't have information for this market at the moment
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