$450,000
160.00 Acres
Land
#50300676, Karen Gardiner, Listing Office: Broadway Real Estate
Is 49887, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 49887 has remained a Seller's Market.
Key Takeaway
49887 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49887, MI
How much do homes in 49887, MI cost?
Median Sold Price
$200,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,500(+32.0%)
Key Takeaway
Homes in 49887 have sold for 32% more than they did a year ago.
Summary: The median home sold price in 49887 was $200,000 in November 2024, up 32% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.5K | $280K | +89.8% |
| 3 Bedrooms | $167.4K | $200K | +19.4% |
| 4 Bedrooms | $13.7K | $179.9K | +1208.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49887 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 89.8%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 1208.4%, and 5+ bedroom homes did not change.
Housing Supply in 49887, MI
How many homes are available in 49887, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 49887 real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49887 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49887, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 49887 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49887, MI
We’re sorry, we don't have information for this market at the moment
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.