Is 49010, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 49010 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $220K | +57.1% |
2 Bedrooms | $209.6K | $234K | +11.6% |
3 Bedrooms | $220K | $250K | +13.6% |
4 Bedrooms | $255K | $300K | +17.6% |
5+ Bedrooms | $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 | $227.8K | $255K | +11.9% |
49078 | $222.9K | $231K | +3.6% |
Housing Supply in 49010, MI
How many homes are available in 49010, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
48 | 48 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 30 | 29 | -3.3% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 5 | 6 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 17 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 46 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
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.