Is 49807, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49807 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49807 has remained a Seller's Market.

Key Takeaway

49807 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49807, MI

How much do homes in 49807, MI cost?

Median Sold Price

$103,750

$81/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$231,250(-69.0%)

Key Takeaway

Homes in 49807 have sold for 69% less than they did a month ago.

Summary: The median home sold price in 49807 was $103,750 in December 2024, down 69% from last month, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$103.7K
N/A
4 --
N/A
5+ $335K-
N/A

Summary: 49807 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

49829
+10.3%
49807
-69.0%

Housing Supply in 49807, MI

How many homes are available in 49807, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
440.0%

Summary: The 49807 real estate market had 4 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 49807 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 remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49807, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 49807 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 49807, MI

How long does it take to sell a home in 49807, MI?

Average Sale Time

Nov 2024Dec 2024CHANGE
45 Days3 Days-93.3%

Summary: Homes in 49807 had an average of 3 days on market in Dec 2024, down by 93.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49807 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 49807; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in 49807, MI

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