Is 49892, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49892 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 49892 was a Seller's Market.

Key Takeaway

49892 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49892, MI

How much do homes in 49892, MI cost?

Median Sold Price

$374,900

$213/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$237,400(+172.7%)

Key Takeaway

Homes in 49892 have sold for 172.7% more than they did a month ago.

Summary: The median home sold price in 49892 was $374,900 in October 2024, up 172.7% from last month, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $90K-
N/A
3 $137.5K-
N/A
4 $260K$374.9K
+44.2%
5+ --
N/A

Summary: 49892 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 did not change, 4 bedroom homes increased by 44.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49892
+172.7%
49870
+61.1%

Housing Supply in 49892, MI

How many homes are available in 49892, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1011+10.0%

Summary: The 49892 real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 33
0.0%
4 45
+25.0%
5+ 00
0.0%

Summary: The 49892 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 increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49892, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 49892 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
83 Days1 Day-98.8%

Summary: Homes in 49892 had an average of 1 days on market in Oct 2024, down by 98.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49892 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 49892; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in 49892, MI

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