Is 49015, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 49015 has remained a Seller's Market.
Key Takeaway
49015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49015, MI
How much do homes in 49015, MI cost?
Median Sold Price
$205,036
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 49015 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 49015 was $205,036 in May 2024, up 10.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $74.2K | -59.3% |
| 2 Bedrooms | $130K | $146K | +12.3% |
| 3 Bedrooms | $191K | $205K | +7.4% |
| 4 Bedrooms | $265K | $290K | +9.4% |
| 5+ Bedrooms | $320K | $334.5K | +4.5% |
Summary: 49015 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 49015, MI
How many homes are available in 49015, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 102 | -2.9% |
Summary: The 49015 real estate market had 102 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 51 | 43 | -15.7% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 49015 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 22 | -42.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49015, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 49015 in May 2024, down by 42.1% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 49015, MI
How long does it take to sell a home in 49015, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 16 Days | -51.5% |
Summary: Homes in 49015 had an average of 16 days on market in May 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49015 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in 49015; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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