Is 49837, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49837 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49837 has remained a Seller's Market.

Key Takeaway

49837 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49837, MI

How much do homes in 49837, MI cost?

Median Sold Price

$175,250

$142/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$15,250(+9.5%)

Key Takeaway

Homes in 49837 have sold for 9.5% more than they did a month ago.

Summary: The median home sold price in 49837 was $175,250 in October 2024, up 9.5% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $40K$152.4K
+281.1%
3 $162.5K$172.5K
+6.2%
4 $142K$192.5K
+35.6%
5+ $185K-
N/A

Summary: 49837 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 281.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49818
+65.9%
49837
+9.5%
49829
-18.2%

Housing Supply in 49837, MI

How many homes are available in 49837, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3135+12.9%

Summary: The 49837 real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 1318
+38.5%
4 87
-12.5%
5+ 21
-50.0%

Summary: The 49837 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 increased by 14.3%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49837, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 49837 in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.

Days on Market for 49837, MI

How long does it take to sell a home in 49837, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days27 Days+132.4%

Summary: Homes in 49837 had an average of 27 days on market in Oct 2024, up by 132.4% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49837 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 49837; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 5 Days Ago

Newest Listings in 49837, MI

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