Is 49781, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49781 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 49781 was a Buyer's Market.

Key Takeaway

49781 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49781, MI

How much do homes in 49781, MI cost?

Median Sold Price

$865,500

$239/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$685,500(+380.8%)

Key Takeaway

Homes in 49781 have sold for 380.8% more than they did a month ago.

Summary: The median home sold price in 49781 was $865,500 in October 2024, up 380.8% from last month, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $180K$241K
+33.9%
4 --
N/A
5+ -$1.4M
N/A

Summary: 49781 housing prices by bedroom type for October 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 33.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49781
+380.8%
49760
+191.3%

Housing Supply in 49781, MI

How many homes are available in 49781, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1011+10.0%

Summary: The 49781 real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 45
+25.0%
4 00
0.0%
5+ 33
0.0%

Summary: The 49781 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49781, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 49781 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 49781, 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 17 Days Ago

Newest Listings in 49781, MI

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