Is 49938, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49938 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49938 has remained a Seller's Market.

Key Takeaway

49938 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49938, MI

How much do homes in 49938, MI cost?

Median Sold Price

$74,950

$66/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$63,050(-45.7%)

Key Takeaway

Homes in 49938 have sold for 45.7% less than they did a month ago.

Summary: The median home sold price in 49938 was $74,950 in November 2024, down 45.7% from last month, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $213.2K$23K
-89.2%
3 $137.4K$94.9K
-30.9%
4 $172.3K-
N/A
5+ -$70K
N/A

Summary: 49938 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 89.2%, 3 bedroom homes decreased by 30.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49911
+80.3%
54534
-12.0%
49968
-23.9%
49938
-45.7%

Housing Supply in 49938, MI

How many homes are available in 49938, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
41410.0%

Summary: The 49938 real estate market had 41 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 911
+22.2%
3 1816
-11.1%
4 88
0.0%
5+ 55
0.0%

Summary: The 49938 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49938, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 49938 in November 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for 49938, MI

How long does it take to sell a home in 49938, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
40 Days33 Days-16.1%

Summary: Homes in 49938 had an average of 33 days on market in Nov 2024, down by 16.1% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49938 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 49938; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 49938, MI

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