Is 49920, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49920 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 49920 was a Buyer'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

$285,000

$203/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$187,500(+192.3%)

Key Takeaway

Homes in 49920 have sold for 192.3% more than they did a month ago.

Summary: The median home sold price in 49920 was $285,000 in October 2024, up 192.3% from last month, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$240K
N/A
2 $178K-
N/A
3 $97.5K$287.5K
+194.9%
4 $67.5K-
N/A
5+ -$311K
N/A

Summary: 49920 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 increased by 194.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49920
+192.3%
49935
-27.8%
49927
-95.5%

Housing Supply in 49920, MI

How many homes are available in 49920, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2627+3.8%

Summary: The 49920 real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 57
+40.0%
3 1111
0.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The 49920 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 increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 Homes Were 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 49920, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 49920 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% 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

Sep 2024Oct 2024CHANGE
79 Days52 Days-34.2%

Summary: Homes in 49920 had an average of 52 days on market in Oct 2024, down by 34.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49920 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 49920; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 5 Days Ago

Newest Listings in 49920, MI

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