Is 49017, 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, 49017 has remained a Seller's Market.
Housing Prices in 49017, MI
How much do homes in 49017, MI cost?
Median Sold Price
$177,666
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49017 was $177,666 in March 2024, up 9.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $86.2K | -9.2% |
2 Bedrooms | $129.5K | $125K | -3.5% |
3 Bedrooms | $160K | $170K | +6.3% |
4 Bedrooms | $192K | $214K | +11.5% |
5+ Bedrooms | $395K | $225K | -43.0% |
Summary: 49017 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 43%.
Housing Supply in 49017, MI
How many homes are available in 49017, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 51 | -19.0% |
Summary: The 49017 real estate market had 51 homes for sale in March 2024, a 19.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 31 | 24 | -22.6% |
4 Bedrooms | 18 | 13 | -27.8% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 49017 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 49017 in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% were sold over asking.
Days on Market for 49017, MI
How long does it take to sell a home in 49017, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 27 Days | -50.9% |
Summary: Homes in 49017 had an average of 27 days on market in Mar 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 49017; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.