49431 Home Values & Market Trends
There are 53 homes currently listed for 49431. 49431 real estate market trends show that home prices range from $39,000 to $1,248,000, and the median sales price in the 49431 zip code is $244,721.77. The total number of properties sold within the past twelve months is 251. In 49431, 3 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.
49431 Real Estate Market Overview
City | Median Est. Value |
---|---|
Ludington | $ 250,000 $ 165/sqft |
Housing Market Summary for 49431
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $259.9K | $256.6K | -1.28% |
Median Sold Price | $217.9K | $256.6K | 17.73% |
Homes For Sale | 23 | 40 | 73.91% |
Homes Sold | 145 | 115 | -20.69% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 49431
Browse Homes in 49431
The median list price of a home in Ludington, is $244,721.77. A total of 53 properties are for sale, and the percentage of properties for sale in the zip code is 53.00%. The total count of 49431 properties is 7,173.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 49431 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 49431; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 49431 ranges from the highest value of $150,551 in ludington to the lowest value of $150,551 in ludington. Bank owned homes and properties account for 0.01% of properties in 49431. There is 1 cities within 49431; ludington containing 1 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsludington has 2 auction properties, the highest number of properties going to auction in a single city in the state of 49431. Auction homes and other auction properties account for 0.03% of all properties in 49431. There is 1 cities within 49431; of that cities, the median estimated home value for homes going to auction ranges from $220,683 in ludington to the lowest value of $110,308 in ludington.
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Guide for 49431
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move