$2,957 Closing Credit*
$249,000
2,880 SqFt
Tammy Shepard, Listing Office: Mackinac Properties, Inc
Is 49781, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 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
$187,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,500(-10.7%)
Key Takeaway
Homes in 49781 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 49781 was $187,500 in November 2024, down 10.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $196K | $165K | -15.8% |
| 3 Bedrooms | $180K | $245.5K | +36.4% |
| 4 Bedrooms | $280K | $285K | +1.8% |
| 5+ Bedrooms | - | $185K | N/A |
Summary: 49781 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes did not change.
Housing Supply in 49781, MI
How many homes are available in 49781, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 49781 real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49781 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49781, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49781 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49781, MI
We’re sorry, we don't have information for this market at the moment
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