Is 49799, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49799 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49799 has remained a Seller's Market.

Key Takeaway

49799 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49799, MI

How much do homes in 49799, MI cost?

Median Sold Price

$450,000

$253/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$315,000(+233.3%)

Key Takeaway

Homes in 49799 have sold for 233.3% more than they did a month ago.

Summary: The median home sold price in 49799 was $450,000 in November 2024, up 233.3% from last month, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $103K-
N/A
2 $192.7K$585K
+203.5%
3 -$315K
N/A
4 --
N/A
5+ --
N/A

Summary: 49799 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 increased by 203.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 49799, MI

How many homes are available in 49799, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The 49799 real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 42
-50.0%
3 44
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The 49799 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49799, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 49799 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49799, 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 15 Days Ago

Newest Listings in 49799, MI

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