Is 49067, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49067 was a Seller's Market.
Housing Prices in 49067, MI
How much do homes in 49067, MI cost?
Median Sold Price
$175,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49067 was $175,000 in March 2024, down 2.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $170K | N/A |
2 Bedrooms | $140K | $150K | +7.1% |
3 Bedrooms | $189.9K | $167K | -12.1% |
4 Bedrooms | $189.5K | $269.9K | +42.4% |
5+ Bedrooms | $188.4K | $191K | +1.4% |
Summary: 49067 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 49067, MI
How many homes are available in 49067, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Summary: The 49067 real estate market had 15 homes for sale in March 2024, a 6.3% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 49067 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 49067 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 49067, MI
How long does it take to sell a home in 49067, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
118 Days | 122 Days | +2.8% |
Summary: Homes in 49067 had an average of 122 days on market in Mar 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 49067; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.