Is 49015, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49015 has remained a Seller's Market.
Key Takeaway
49015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49015, MI
How much do homes in 49015, MI cost?
Median Sold Price
$200,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49015 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 49015 was $200,000 in April 2024, up 5.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $74.2K | -59.3% |
| 2 Bedrooms | $129.7K | $143K | +10.2% |
| 3 Bedrooms | $194.5K | $200K | +2.8% |
| 4 Bedrooms | $247.5K | $290K | +17.2% |
| 5+ Bedrooms | $295.5K | $342.2K | +15.8% |
Summary: 49015 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 49015, MI
How many homes are available in 49015, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 101 | +12.2% |
Summary: The 49015 real estate market had 101 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 48 | 50 | +4.2% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 49015 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 36 | +44.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49015, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 49015 in April 2024, up by 44.0% month-over-month. Of the 36 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for 49015, MI
How long does it take to sell a home in 49015, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | +2.2% |
Summary: Homes in 49015 had an average of 32 days on market in Apr 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49015 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in 49015; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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