Is 49009, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49009 was a Seller's Market.
Housing Prices in 49009, MI
How much do homes in 49009, MI cost?
Median Sold Price
$370,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49009 was $370,000 in March 2024, up 4.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152K | $249K | +63.7% |
2 Bedrooms | $250K | $271.9K | +8.8% |
3 Bedrooms | $301K | $310K | +3.0% |
4 Bedrooms | $400K | $440.4K | +10.1% |
5+ Bedrooms | $523.7K | $555K | +6.0% |
Summary: 49009 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in 49009, MI
How many homes are available in 49009, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 149 | +14.6% |
Summary: The 49009 real estate market had 149 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 27 | 36 | +33.3% |
3 Bedrooms | 39 | 39 | 0.0% |
4 Bedrooms | 37 | 47 | +27.0% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The 49009 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 49009 in March 2024, down by 14.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 49009, MI
How long does it take to sell a home in 49009, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 35 Days | +1.4% |
Summary: Homes in 49009 had an average of 35 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 49009; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.