Is 49001, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49001 has remained a Seller's Market.
Housing Prices in 49001, MI
How much do homes in 49001, MI cost?
Median Sold Price
$165,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49001 was $165,000 in April 2024, up 3.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.2K | $140K | +35.6% |
2 Bedrooms | $138K | $140K | +1.4% |
3 Bedrooms | $179.9K | $170K | -5.5% |
4 Bedrooms | $153.9K | $168.5K | +9.5% |
5+ Bedrooms | $142.5K | $187.5K | +31.6% |
Summary: 49001 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 31.6%.
Housing Supply in 49001, MI
How many homes are available in 49001, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 85 | +25.0% |
Summary: The 49001 real estate market had 85 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 15 | +66.7% |
3 Bedrooms | 36 | 47 | +30.6% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49001 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 30.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 49001 in April 2024, up by 33.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for 49001, MI
How long does it take to sell a home in 49001, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 12 Days | -62.5% |
Summary: Homes in 49001 had an average of 12 days on market in Apr 2024, down by 62.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 49001; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.