Is Reed City, MI 49677 a buyer’s or seller’s market?
Reed City is a seller’s market. With about 3 months of supply and 33% 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 supply3Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market38Listing to accepted offer
Median price per sq ft$126▼ −15.4% vs. last year
Run the numbers for 49677
Nearby markets
Evart 49631Seller’s market $148 /sq ftHersey 49639Seller’s market $160 /sq ftLeroy 49655Balanced $151 /sq ftMarion 49665Balanced $152 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology