Is 49004, 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, 49004 has remained a Seller's Market.
Housing Prices in 49004, MI
How much do homes in 49004, MI cost?
Median Sold Price
$207,617
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49004 was $207,617 in March 2024, up 2.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.5K | $125K | -21.1% |
2 Bedrooms | $142.5K | $159K | +11.6% |
3 Bedrooms | $196.2K | $199.6K | +1.7% |
4 Bedrooms | $261.2K | $280K | +7.2% |
5+ Bedrooms | $297K | $253K | -14.8% |
Summary: 49004 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 14.8%.
Housing Supply in 49004, MI
How many homes are available in 49004, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 46 | -6.1% |
Summary: The 49004 real estate market had 46 homes for sale in March 2024, a 6.1% decrease 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 | 7 | 7 | 0.0% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 49004 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 remained the same, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 49004 in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 49004, MI
How long does it take to sell a home in 49004, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 35 Days | +190.4% |
Summary: Homes in 49004 had an average of 35 days on market in Mar 2024, up by 190.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 49004; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.