Is 49908, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49908 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 49908 was a Seller's Market.

Key Takeaway

49908 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49908, MI

How much do homes in 49908, MI cost?

Median Sold Price

$150,000

$123/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$85,000(-36.2%)

Key Takeaway

Homes in 49908 have sold for 36.2% less than they did a month ago.

Summary: The median home sold price in 49908 was $150,000 in October 2024, down 36.2% from last month, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $192.9K$150K
-22.3%
3 --
N/A
4 $300K-
N/A
5+ --
N/A

Summary: 49908 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 decreased by 22.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49908
-36.2%
49946
-65.2%

Housing Supply in 49908, MI

How many homes are available in 49908, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108-20.0%

Summary: The 49908 real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 34
+33.3%
4 43
-25.0%
5+ 00
0.0%

Summary: The 49908 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 decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49908, 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 49908 in October 2024, down by 66.7% month-over-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 49908, MI

How long does it take to sell a home in 49908, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
32 Days31 Days-3.1%

Summary: Homes in 49908 had an average of 31 days on market in Oct 2024, down by 3.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in 49908 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 49908; 0% of homes were sold within 30 days, 100% 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 49908, MI

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