Is 49010, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49010 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 49010 has remained a Seller's Market.

Key Takeaway

49010 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49010, MI

How much do homes in 49010, MI cost?

Median Sold Price

$255,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,200(+11.9%)

Key Takeaway

Homes in 49010 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 49010 was $255,000 in February 2024, up 11.9% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $140K$220K
+57.1%
2 $209.6K$234K
+11.6%
3 $220K$250K
+13.6%
4 $255K$300K
+17.6%
5+ $381.1K$232.5K
-39.0%

Summary: 49010 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 39%.

Median Sold Price Compared To Nearby Zip Codes

49010
+11.9%
49078
+3.6%

Housing Supply in 49010, MI

How many homes are available in 49010, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
48480.0%

Summary: The 49010 real estate market had 48 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 56
+20.0%
3 3029
-3.3%
4 77
0.0%
5+ 56
+20.0%

Summary: The 49010 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49010, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 49010 in February 2024, up by 41.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 49010, MI

How long does it take to sell a home in 49010, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
22 Days46 Days+105.8%

Summary: Homes in 49010 had an average of 46 days on market in Feb 2024, up by 105.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49010 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 17 homes were sold in 49010; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 49010, MI

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