$20,800
4.50 Acres
Land
#50157854, KEVIN PATANA, Listing Office: NORTHERN MICHIGAN LAND BROKERS - H
Is 49946, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49946 has remained a Seller's Market.
Key Takeaway
49946 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49946, MI
How much do homes in 49946, MI cost?
Median Sold Price
$165,000
$137/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$85,000(-34.0%)
Key Takeaway
Homes in 49946 have sold for 34% less than they did a month ago.
Summary: The median home sold price in 49946 was $165,000 in September 2024, down 34% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $465K | $53.2K | -88.5% |
| 3 Bedrooms | $235K | $230K | -2.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49946 housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 88.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49908 | $249.9K | $267.5K | +7.0% |
| 49946 | $250K | $165K | -34.0% |
| 49861 | $235K | $32.4K | -86.2% |
Housing Supply in 49946, MI
How many homes are available in 49946, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The 49946 real estate market had 16 homes for sale in September 2024, a 11.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49946 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49946, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 49946 in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 49946, MI
How long does it take to sell a home in 49946, MI?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 53 Days | +131.9% |
Summary: Homes in 49946 had an average of 53 days on market in Sep 2024, up by 131.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49946 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in 49946; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.