Is 49021, 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, 49021 has remained a Seller's Market.
Housing Prices in 49021, MI
How much do homes in 49021, MI cost?
Median Sold Price
$225,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49021 was $225,000 in April 2024, up 28.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | - | N/A |
2 Bedrooms | $153.5K | $165K | +7.5% |
3 Bedrooms | $175K | $214.2K | +22.4% |
4 Bedrooms | $185K | $334K | +80.5% |
5+ Bedrooms | $265K | $365K | +37.7% |
Summary: 49021 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 80.5%, and 5+ bedroom homes increased by 37.7%.
Housing Supply in 49021, MI
How many homes are available in 49021, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Summary: The 49021 real estate market had 16 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 3 | +100.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49021 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 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 49021 in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 49021, MI
How long does it take to sell a home in 49021, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 24 Days | -57.3% |
Summary: Homes in 49021 had an average of 24 days on market in Apr 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 49021; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.