Is 49927, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49927 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49927 has remained a Seller's Market.

Key Takeaway

49927 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49927, MI

How much do homes in 49927, MI cost?

Median Sold Price

$22,000

$14/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$468,000(-95.5%)

Key Takeaway

Homes in 49927 have sold for 95.5% less than they did a month ago.

Summary: The median home sold price in 49927 was $22,000 in October 2024, down 95.5% from last month, and the median price per square foot was $14.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$22K
N/A
5+ $490K-
N/A

Summary: 49927 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49920
+192.3%
49915
+110.3%
54542
+95.4%
49935
-27.8%
49927
-95.5%

Housing Supply in 49927, MI

How many homes are available in 49927, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The 49927 real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 12
+100.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 49927 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

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 49927, 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 49927 in October 2024, the same as the previous 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 49927, MI

How long does it take to sell a home in 49927, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
214 Days5 Days-97.7%

Summary: Homes in 49927 had an average of 5 days on market in Oct 2024, down by 97.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49927 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 49927; 100% of homes were sold within 30 days, 0% 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 5 Days Ago

Newest Listings in 49927, MI

Nearby Markets to 49927, MI