Is 49946, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49946 is a 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

$190,500

$164/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$133,000(+231.3%)

Key Takeaway

Homes in 49946 have sold for 231.3% more than they did a month ago.

Summary: The median home sold price in 49946 was $190,500 in November 2024, up 231.3% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $49.2K$121K
+145.7%
3 $123K$260K
+111.4%
4 --
N/A
5+ --
N/A

Summary: 49946 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 increased by 145.7%, 3 bedroom homes increased by 111.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

49946
+231.3%
49908
-54.7%

Housing Supply in 49946, MI

How many homes are available in 49946, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1211-8.3%

Summary: The 49946 real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 99
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The 49946 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49946, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 49946 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

Oct 2024Nov 2024CHANGE
12 Days48 Days+293.2%

Summary: Homes in 49946 had an average of 48 days on market in Nov 2024, up by 293.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 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 49946 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 49946; 25% of homes were sold within 30 days, 75% 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 17 Days Ago

Newest Listings in 49946, MI

Nearby Markets to 49946, MI