$3,799 Closing Credit*
$319,900
2,488 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50161613, ANDREW HARRIS, Listing Office: STATE WIDE REAL ESTATE OF ESCANABA
Is 49829, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49829 has remained a Seller's Market.
Key Takeaway
49829 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49829, MI
How much do homes in 49829, MI cost?
Median Sold Price
$145,000
$112/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$32,250(-18.2%)
Key Takeaway
Homes in 49829 have sold for 18.2% less than they did a month ago.
Summary: The median home sold price in 49829 was $145,000 in October 2024, down 18.2% from last month, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $162K | $173.1K | +6.9% |
| 3 Bedrooms | $200.2K | $145K | -27.6% |
| 4 Bedrooms | $181K | $244K | +34.8% |
| 5+ Bedrooms | - | $115K | N/A |
Summary: 49829 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 increased by 6.9%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49818 | $210.9K | $350K | +65.9% |
| 49837 | $160K | $175.2K | +9.5% |
| 49829 | $177.2K | $145K | -18.2% |
Housing Supply in 49829, MI
How many homes are available in 49829, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 56 | +14.3% |
Summary: The 49829 real estate market had 56 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The 49829 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 decreased by 22.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49829, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 49829 in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and 33% were sold over asking.
Days on Market for 49829, MI
How long does it take to sell a home in 49829, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 35 Days | +68.4% |
Summary: Homes in 49829 had an average of 35 days on market in Oct 2024, up by 68.4% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49829 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 49829; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.