Is 49930, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49930 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 49930 was a Neutral Market.

Key Takeaway

49930 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49930, MI

How much do homes in 49930, MI cost?

Median Sold Price

$412,500

$145/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$252,500(+157.8%)

Key Takeaway

Homes in 49930 have sold for 157.8% more than they did a month ago.

Summary: The median home sold price in 49930 was $412,500 in October 2024, up 157.8% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $160K$142K
-11.3%
3 $123K-
N/A
4 $350K$478K
+36.6%
5+ -$412.5K
N/A

Summary: 49930 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 decreased by 11.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49930
+157.8%
49913
+14.9%
49931
-14.5%

Housing Supply in 49930, MI

How many homes are available in 49930, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1922+15.8%

Summary: The 49930 real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 68
+33.3%
4 56
+20.0%
5+ 55
0.0%

Summary: The 49930 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 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49930, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 49930 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 49930, MI

How long does it take to sell a home in 49930, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
13 Days33 Days+141.5%

Summary: Homes in 49930 had an average of 33 days on market in Oct 2024, up by 141.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49930 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 49930; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

Newest Listings in 49930, MI

Nearby Markets to 49930, MI