Is Sumner, MI 48889 a buyer’s or seller’s market?
Sumner is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.5%Sold price ÷ list price
Median days on market307Listing to accepted offer
Median price per sq ft$55▼ −64.2% vs. last year
Run the numbers for 48889
Nearby markets
Alma 48801Seller’s market $112 /sq ftAshley 48806Seller’s market $112 /sq ftBannister 48807Seller’s market $137 /sq ftBreckenridge 48615Seller’s market $120 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology