Is 49002, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49002 has remained a Seller's Market.
Housing Prices in 49002, MI
How much do homes in 49002, MI cost?
Median Sold Price
$257,950
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49002 was $257,950 in March 2024, up 8.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.5K | - | N/A |
2 Bedrooms | $175.5K | $205.5K | +17.1% |
3 Bedrooms | $225K | $236.4K | +5.1% |
4 Bedrooms | $281.5K | $309.6K | +10.0% |
5+ Bedrooms | $474.9K | $502.5K | +5.8% |
Summary: 49002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 49002, MI
How many homes are available in 49002, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 51 | +4.1% |
Summary: The 49002 real estate market had 51 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 49002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 49002 in March 2024, down by 13.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for 49002, MI
How long does it take to sell a home in 49002, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 17 Days | -32.6% |
Summary: Homes in 49002 had an average of 17 days on market in Mar 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 49002; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.