Is 49006, 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, 49006 has remained a Seller's Market.
Key Takeaway
49006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49006, MI
How much do homes in 49006, MI cost?
Median Sold Price
$211,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49006 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 49006 was $211,000 in March 2024, up 5.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.5K | $105K | +37.3% |
| 2 Bedrooms | $144.9K | $165K | +13.9% |
| 3 Bedrooms | $211K | $220K | +4.3% |
| 4 Bedrooms | $230K | $232.5K | +1.1% |
| 5+ Bedrooms | $287K | $259.7K | -9.5% |
Summary: 49006 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 49006, MI
How many homes are available in 49006, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 43 | -12.2% |
Summary: The 49006 real estate market had 43 homes for sale in March 2024, a 12.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 49006 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49006, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 49006 in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 49006, MI
How long does it take to sell a home in 49006, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 43 Days | +114.3% |
Summary: Homes in 49006 had an average of 43 days on market in Mar 2024, up by 114.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49006 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in 49006; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
