$1,661 Closing Credit*
$139,900
1,080 SqFt
2 Beds
•1 Full Bath, 1 Partial
#50162824, TROY MARGONI, Listing Office: STEPHENS REAL ESTATE
Is 49892, 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, 49892 was a Buyer's Market.
Key Takeaway
49892 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49892, MI
How much do homes in 49892, MI cost?
Median Sold Price
$243,000
$239/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$131,900(-35.2%)
Key Takeaway
Homes in 49892 have sold for 35.2% less than they did a month ago.
Summary: The median home sold price in 49892 was $243,000 in November 2024, down 35.2% from last month, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $243K | N/A |
| 4 Bedrooms | $374.9K | $312.2K | -16.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49892 housing prices by bedroom type for November 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 did not change, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49870 | $146.5K | $288.5K | +96.9% |
| 49892 | $374.9K | $243K | -35.2% |
| 54151 | $130K | $70K | -46.2% |
Housing Supply in 49892, MI
How many homes are available in 49892, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The 49892 real estate market had 13 homes for sale in November 2024, a 30.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49892 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 increased by 133.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49892, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49892 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49892, MI
How long does it take to sell a home in 49892, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 53 Days | +5266.7% |
Summary: Homes in 49892 had an average of 53 days on market in Nov 2024, up by 5266.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49892 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 49892; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.