Is 49870, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49870 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49870 has remained a Seller's Market.

Key Takeaway

49870 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49870, MI

How much do homes in 49870, MI cost?

Median Sold Price

$146,500

$122/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$55,550(+61.1%)

Key Takeaway

Homes in 49870 have sold for 61.1% more than they did a month ago.

Summary: The median home sold price in 49870 was $146,500 in October 2024, up 61.1% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$130K
N/A
3 $25K$163K
+552.0%
4 $156.9K-
N/A
5+ --
N/A

Summary: 49870 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 did not change, 3 bedroom homes increased by 552%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49892
+172.7%
49870
+61.1%
49801
+3.9%

Housing Supply in 49870, MI

How many homes are available in 49870, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11110.0%

Summary: The 49870 real estate market had 11 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 49870 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49870, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 49870 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 49870, MI

How long does it take to sell a home in 49870, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days39 Days+27.9%

Summary: Homes in 49870 had an average of 39 days on market in Oct 2024, up by 27.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49870 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 49870; 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.

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 49870, MI

Nearby Markets to 49870, MI