$3,680 Closing Credit*
$309,900
1,013 SqFt
2 Beds
•2 Full Baths
Trish Hartwick, Listing Office: Coldwell Banker Schmidt - Petoskey
Is 49770, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 49770 has remained a Seller's Market.
Key Takeaway
49770 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49770, MI
How much do homes in 49770, MI cost?
Median Sold Price
$433,625
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,125(+4.4%)
Key Takeaway
Homes in 49770 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 49770 was $433,625 in October 2024, up 4.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269.4K | $247K | -8.3% |
| 2 Bedrooms | $285K | $305K | +7.0% |
| 3 Bedrooms | $404K | $398.7K | -1.3% |
| 4 Bedrooms | $587.5K | $640K | +8.9% |
| 5+ Bedrooms | $1.4M | $2.0M | +40.4% |
Summary: 49770 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 40.4%.
Housing Supply in 49770, MI
How many homes are available in 49770, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 129 | +5.7% |
Summary: The 49770 real estate market had 129 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 48 | 45 | -6.3% |
| 4 Bedrooms | 18 | 26 | +44.4% |
| 5+ Bedrooms | 39 | 41 | +5.1% |
Summary: The 49770 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 decreased by 6.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49770, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 49770 in October 2024, up by 23.8% month-over-month. Of the 25 sold homes, 60% were sold under asking, 16% were sold at asking, and 24% were sold over asking.
Days on Market for 49770, MI
How long does it take to sell a home in 49770, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 37 Days | +48.0% |
Summary: Homes in 49770 had an average of 37 days on market in Oct 2024, up by 48% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49770 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 49770; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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