$74,900
30.00 Acres
Land
#50158911, SAMANTHA OLSON, Listing Office: ZAK'S REALTY
Is 49911, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49911 has remained a Seller's Market.
Key Takeaway
49911 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49911, MI
How much do homes in 49911, MI cost?
Median Sold Price
$91,500
$97/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$39,955(-30.4%)
Key Takeaway
Homes in 49911 have sold for 30.4% less than they did a month ago.
Summary: The median home sold price in 49911 was $91,500 in October 2024, down 30.4% from last month, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $55K | N/A |
| 2 Bedrooms | $99.9K | - | N/A |
| 3 Bedrooms | $135K | $113K | -16.3% |
| 4 Bedrooms | $163K | $91.5K | -43.9% |
| 5+ Bedrooms | - | $425K | N/A |
Summary: 49911 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 decreased by 16.3%, 4 bedroom homes decreased by 43.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49938 | $93.4K | $138K | +47.7% |
| 49911 | $131.4K | $91.5K | -30.4% |
| 49968 | $330K | $95K | -71.2% |
Housing Supply in 49911, MI
How many homes are available in 49911, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The 49911 real estate market had 17 homes for sale in October 2024, a 21.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49911 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49911, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49911 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 49911, MI
How long does it take to sell a home in 49911, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 30 Days | +118.6% |
Summary: Homes in 49911 had an average of 30 days on market in Oct 2024, up by 118.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49911 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 49911; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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.