49224 Real Estate Market

49224 Market

The median sale price for homes in 49224 over the last 12 months is $65,290.


The median mortgage debt is $63,780.

Additional Statistics for Single Family Homes and Condos in Albion, MI
$79,900
Median Listing Price
78
Median Days on Market
79
Active Listings
1.3%
Distressed Listings
(foreclosures and short sales)
49224 (Albion, MI) Price Trends - Sold vs. Listed
The median list price in May for single family homes in Albion is $79,900. The list prices dropped by -9.92% from the previous month.

The price per square foot for listings in this area is $58.

The median sale price in December for single family homes is $72,749. The sale prices increased by 15.84% from the previous month.

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49224 (Albion, MI) Market Inventory Trends

The number of active listings in Albion increased by 16.2% from the previous month.

The median number of days active properties have been listed is 78. This is significantly shorter than the national average.

The number of sales in December dropped by 12.5% from the previous month.

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49224 (Albion, MI) Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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