Is 49007, 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, 49007 has remained a Seller's Market.
Housing Prices in 49007, MI
How much do homes in 49007, MI cost?
Median Sold Price
$105,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49007 was $105,000 in March 2024, down 13.2% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232K | $240K | +3.4% |
2 Bedrooms | $104K | $85K | -18.3% |
3 Bedrooms | $100K | $111.2K | +11.2% |
4 Bedrooms | $130K | $109K | -16.2% |
5+ Bedrooms | $139.9K | $189.9K | +35.7% |
Summary: 49007 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 35.7%.
Housing Supply in 49007, MI
How many homes are available in 49007, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Summary: The 49007 real estate market had 32 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 49007 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 49007 in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 49007, MI
How long does it take to sell a home in 49007, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
6 Days | 64 Days | +975.0% |
Summary: Homes in 49007 had an average of 64 days on market in Mar 2024, up by 975% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 49007; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.