$2,838 Closing Credit*
$239,000
1,440 SqFt
3 Beds
•2 Full Baths
#50163967, ABBEY WOOD, Listing Office: GROVER REAL ESTATE
Is 49854, 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, 49854 has remained a Seller's Market.
Key Takeaway
49854 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49854, MI
How much do homes in 49854, MI cost?
Median Sold Price
$132,500
$98/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$112,950(-46.0%)
Key Takeaway
Homes in 49854 have sold for 46% less than they did a month ago.
Summary: The median home sold price in 49854 was $132,500 in December 2024, down 46% from last month, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $207.7K | -48.1% |
| 2 Bedrooms | $178K | $152K | -14.6% |
| 3 Bedrooms | $272K | $70K | -74.3% |
| 4 Bedrooms | - | $141.2K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49854 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 74.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 49854, MI
How many homes are available in 49854, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The 49854 real estate market had 35 homes for sale in December 2024, a 10.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49854 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49854, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 49854 in December 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 49854, MI
How long does it take to sell a home in 49854, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 87 Days | +370.3% |
Summary: Homes in 49854 had an average of 87 days on market in Dec 2024, up by 370.3% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49854 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 11 homes were sold in 49854; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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.