Is 49014, 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, 49014 was a Seller's Market.
Key Takeaway
49014 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49014, MI
How much do homes in 49014, MI cost?
Median Sold Price
$202,250
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49014 have sold for 19% more than they did a year ago.
Summary: The median home sold price in 49014 was $202,250 in March 2024, up 19% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $92.5K | +59.5% |
| 2 Bedrooms | $93K | $147.3K | +58.4% |
| 3 Bedrooms | $190K | $210K | +10.5% |
| 4 Bedrooms | $265K | $255.5K | -3.6% |
| 5+ Bedrooms | $271K | $317.4K | +17.1% |
Summary: 49014 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.5%, 2 bedroom homes increased by 58.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in 49014, MI
How many homes are available in 49014, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Summary: The 49014 real estate market had 64 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 | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 49014 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 8 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49014, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 49014 in March 2024, down by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 49014, MI
How long does it take to sell a home in 49014, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +45.2% |
Summary: Homes in 49014 had an average of 27 days on market in Mar 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49014 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 49014; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
