Is 49010, 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, 49010 has remained a Seller's Market.
Housing Prices in 49010, MI
How much do homes in 49010, MI cost?
Median Sold Price
$250,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49010 was $250,000 in March 2024, up 4.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $167K | +19.3% |
2 Bedrooms | $210K | $230K | +9.5% |
3 Bedrooms | $232K | $245.4K | +5.8% |
4 Bedrooms | $299.9K | $299.5K | -0.1% |
5+ Bedrooms | $403K | $250K | -38.0% |
Summary: 49010 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 38%.
Housing Supply in 49010, MI
How many homes are available in 49010, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 44 | -13.7% |
Summary: The 49010 real estate market had 44 homes for sale in March 2024, a 13.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 28 | 25 | -10.7% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 49010 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 11 | -45.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 49010 in March 2024, down by 45.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 21 Days | -72.1% |
Summary: Homes in 49010 had an average of 21 days on market in Mar 2024, down by 72.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 49010; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.