49431 Real Estate Market

49431 Market

The median sale price for homes in 49431 over the last 12 months is $78,939.


The median mortgage debt is $68,181.

Additional Statistics for Single Family Homes and Condos in Ludington, MI
$161,700
Median Listing Price
143
Median Days on Market
266
Active Listings
0.8%
Distressed Listings
(foreclosures and short sales)
49431 (Ludington, MI) Price Trends - Sold vs. Listed
The median list price in May for single family homes in Ludington is $145,000. The list prices increased by 0.06% from the previous month.

The price per square foot for listings in this area is $138.

The median sale price in January for single family homes is $79,900. The sale prices dropped by -30.15% from the previous month.

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49431 (Ludington, MI) Market Inventory Trends

The number of active listings in Ludington increased by 1.1% from the previous month.

The median number of days active properties have been listed is 92.

The number of sales in January dropped by 88.9% from the previous month.

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49431 (Ludington, 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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