Is 49968, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49968 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 49968 was a Seller's Market.

Key Takeaway

49968 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 49968, MI

How much do homes in 49968, MI cost?

Median Sold Price

$80,750

$68/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$25,350(-23.9%)

Key Takeaway

Homes in 49968 have sold for 23.9% less than they did a month ago.

Summary: The median home sold price in 49968 was $80,750 in November 2024, down 23.9% from last month, and the median price per square foot was $68.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$85K
N/A
3 $106.1K-
N/A
4 -$76.5K
N/A
5+ --
N/A

Summary: 49968 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 49968, MI

How many homes are available in 49968, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1716-5.9%

Summary: The 49968 real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 118
-27.3%
4 22
0.0%
5+ 22
0.0%

Summary: The 49968 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 100%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 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 49968, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 49968 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49968, MI

How long does it take to sell a home in 49968, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
60 Days29 Days-51.0%

Summary: Homes in 49968 had an average of 29 days on market in Nov 2024, down by 51% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49968 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 49968; 50% of homes were sold within 30 days, 50% 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 22 Days Ago

Newest Listings in 49968, MI

Nearby Markets to 49968, MI