Is 49037, 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, 49037 has remained a Seller's Market.
Housing Prices in 49037, MI
How much do homes in 49037, MI cost?
Median Sold Price
$124,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49037 was $124,900 in March 2024, up 5.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.5K | $108.4K | +14.8% |
2 Bedrooms | $90K | $113K | +25.6% |
3 Bedrooms | $130K | $138K | +6.2% |
4 Bedrooms | $145K | $136.5K | -5.9% |
5+ Bedrooms | $130K | $147.5K | +13.5% |
Summary: 49037 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 49037, MI
How many homes are available in 49037, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 56 | -13.8% |
Summary: The 49037 real estate market had 56 homes for sale in March 2024, a 13.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 15 | -25.0% |
3 Bedrooms | 39 | 31 | -20.5% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49037 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 decreased by 25%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 12 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 49037 in March 2024, down by 40.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for 49037, MI
How long does it take to sell a home in 49037, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 16 Days | -56.7% |
Summary: Homes in 49037 had an average of 16 days on market in Mar 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 49037; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.