$1,780 Closing Credit*
$149,900
1,512 SqFt
4 Beds
•1 Full Bath, 2 Partial
#50161780, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
Is 49920, 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, 49920 has remained a Seller's Market.
Key Takeaway
49920 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49920, MI
How much do homes in 49920, MI cost?
Median Sold Price
$303,000
$179/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$18,000(+6.3%)
Key Takeaway
Homes in 49920 have sold for 6.3% more than they did a month ago.
Summary: The median home sold price in 49920 was $303,000 in November 2024, up 6.3% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $62.5K | -74.0% |
| 2 Bedrooms | - | $184K | N/A |
| 3 Bedrooms | $287.5K | - | N/A |
| 4 Bedrooms | - | $414K | N/A |
| 5+ Bedrooms | $311K | - | N/A |
Summary: 49920 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 74%, 2 bedroom homes did not change, 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
| 49927 | $22K | $220K | +900.0% |
| 49920 | $285K | $303K | +6.3% |
| 49935 | $84.8K | $87.5K | +3.2% |
Housing Supply in 49920, MI
How many homes are available in 49920, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The 49920 real estate market had 27 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49920 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49920, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 49920 in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 49920, MI
How long does it take to sell a home in 49920, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 32 Days | -38.5% |
Summary: Homes in 49920 had an average of 32 days on market in Nov 2024, down by 38.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49920 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 49920; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.