Is 49953, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49953 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 49953 has remained a Seller's Market.

Key Takeaway

49953 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49953, MI

How much do homes in 49953, MI cost?

Median Sold Price

$127,000

$79/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$25,500(-16.7%)

Key Takeaway

Homes in 49953 have sold for 16.7% less than they did a month ago.

Summary: The median home sold price in 49953 was $127,000 in October 2024, down 16.7% from last month, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $125.5K$179K
+42.6%
4 $150K$41.5K
-72.3%
5+ $225K-
N/A

Summary: 49953 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 increased by 42.6%, 4 bedroom homes decreased by 72.3%, and 5+ bedroom homes did not change.

Housing Supply in 49953, MI

How many homes are available in 49953, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2621-19.2%

Summary: The 49953 real estate market had 21 homes for sale in October 2024, a 19.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 1311
-15.4%
4 65
-16.7%
5+ 20
-100.0%

Summary: The 49953 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 decreased by 15.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 Homes Were 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 49953, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 49953 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49953, MI

How long does it take to sell a home in 49953, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
220 Days69 Days-68.5%

Summary: Homes in 49953 had an average of 69 days on market in Oct 2024, down by 68.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 49953 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 49953; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 23 Days Ago

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