$10,000 Closing Credit*
$2,500,000
4,962 SqFt
4 Beds
•2 Full Baths, 1 Partial
#50161495, JULIE BARR, Listing Office: KELLER WILLIAMS NM PENINSULA PARTNERS
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
Last month, 49854 was a Seller's Market.
Key Takeaway
49854 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49854, MI
How much do homes in 49854, MI cost?
Median Sold Price
$220,000
$182/sqft
Based on all homes sold in October 2024.
The Median Sold Price hasn't changed since September 2024.
Key Takeaway
The sold price of homes in 49854 has remained the same since last month.
Summary: The median home sold price in 49854 was $220,000 in October 2024, the same as last month, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $114.2K | $317.5K | +177.9% |
| 3 Bedrooms | $290K | $181.8K | -37.3% |
| 4 Bedrooms | - | $157.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49854 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 177.9%, 3 bedroom homes decreased by 37.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The 49854 real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49854 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49854 in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 34 Days | -58.2% |
Summary: Homes in 49854 had an average of 34 days on market in Oct 2024, down by 58.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 6 homes were sold in 49854; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.