Is 49046, 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, 49046 has remained a Seller's Market.
Key Takeaway
49046 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49046, MI
How much do homes in 49046, MI cost?
Median Sold Price
$283,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49046 have sold for 23% more than they did a year ago.
Summary: The median home sold price in 49046 was $283,000 in March 2024, up 23% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $190K | -13.6% |
| 2 Bedrooms | $186.2K | $256K | +37.4% |
| 3 Bedrooms | $220K | $289K | +31.4% |
| 4 Bedrooms | $280K | $433.5K | +54.8% |
| 5+ Bedrooms | $240K | $300K | +25.0% |
Summary: 49046 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 37.4%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes increased by 25%.
Housing Supply in 49046, MI
How many homes are available in 49046, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Summary: The 49046 real estate market had 22 homes for sale in March 2024, a 69.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 0 | 5 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49046 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49046, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 49046 in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 49046, MI
How long does it take to sell a home in 49046, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 40 Days | +44.4% |
Summary: Homes in 49046 had an average of 40 days on market in Mar 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49046 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 49046; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.