$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
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $178K | - | N/A |
| 3 Bedrooms | $97.5K | $287.5K | +194.9% |
| 4 Bedrooms | $67.5K | - | N/A |
| 5+ Bedrooms | - | $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 | $97.5K | $285K | +192.3% |
| 49935 | $117.5K | $84.8K | -27.8% |
| 49927 | $490K | $22K | -95.5% |
Housing Supply in 49920, MI
How many homes are available in 49920, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +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
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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 52 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
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.