Is 49659, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49659 has remained a Seller's Market.
Key Takeaway
49659 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49659, MI
How much do homes in 49659, MI cost?
Median Sold Price
$194,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49659 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 49659 was $194,900 in March 2024, up 2.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $63.7K | -42.0% |
| 2 Bedrooms | $226K | $145K | -35.8% |
| 3 Bedrooms | $182.7K | $219.4K | +20.1% |
| 4 Bedrooms | $244.9K | $237.5K | -3.0% |
| 5+ Bedrooms | $347.5K | $465K | +33.8% |
Summary: 49659 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42%, 2 bedroom homes decreased by 35.8%, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Zip Codes
| 49615 | $248.5K | $315K | +26.8% |
| 49659 | $190K | $194.9K | +2.6% |
Housing Supply in 49659, MI
How many homes are available in 49659, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The 49659 real estate market had 22 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 49659 housing inventory by bedroom type for March 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 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49659, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 49659 in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 49659, MI
How long does it take to sell a home in 49659, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 63 Days | +69.6% |
Summary: Homes in 49659 had an average of 63 days on market in Mar 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49659 has remained consistent over time.
Summary: During March 2024, 6 homes were sold in 49659; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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