49642, Idlewild, MI

The home equity and home prices in the 49642 zip code of Idlewild, MI are reflective of the overall market conditions in this area. Over the past year, the average home value has increased by 2.4%, while the median home value has increased by 3%. This indicates that there is a general trend of increasing values in this area. However, it should be noted that there is significant variation in home values within this zip code. For example, while the average home value is $151,000, the median home value is only $119,000. This indicates that there are a number of homes in this zip code that are worth significantly more than the median value.

While there is variation within this zip code, it appears that overall demand for homes remains strong. This can be seen by looking at recent sales data. Over the past 12 months, there have been a total of 97 sales transactions in this zip code. Of these sales transactions, 68% were sold for more than their asking price and 95% were sold within two weeks of being listed on MLS (Multiple Listing Service). These figures indicate that buyers are willing to pay a premium for properties located in this area.

Overall, it appears that homeownership rates and home equity values remain high in Idlewild, MI relative to other areas of Michigan. This suggests that people here are confident about their long-term prospects for economic growth and housing prices will continue to increase over time