Is 49858, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49858 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 49858 has remained a Seller's Market.

Key Takeaway

49858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49858, MI

How much do homes in 49858, MI cost?

Median Sold Price

$160,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+6.7%)

Key Takeaway

Homes in 49858 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 49858 was $160,000 in October 2024, up 6.7% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $158K$168K
+6.3%
2 $121.8K$140K
+14.9%
3 $152.5K$172K
+12.8%
4 $181.4K$171.7K
-5.3%
5+ $257.5K$118K
-54.2%

Summary: 49858 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 54.2%.

Median Sold Price Compared To Nearby Zip Codes

49858
+6.7%
54143
+5.7%

Housing Supply in 49858, MI

How many homes are available in 49858, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43430.0%

Summary: The 49858 real estate market had 43 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 129
-25.0%
3 2125
+19.0%
4 96
-33.3%
5+ 11
0.0%

Summary: The 49858 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49858, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 49858 in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.

Days on Market for 49858, MI

How long does it take to sell a home in 49858, MI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49858 has remained consistent over time.

Summary: During October 2024, 12 homes were sold in 49858; 0% of homes were sold within 30 days, 17% 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 17 Days Ago

Newest Listings in 49858, MI

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