Is 49068, 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, 49068 has remained a Seller's Market.
Housing Prices in 49068, MI
How much do homes in 49068, MI cost?
Median Sold Price
$225,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49068 was $225,000 in March 2024, up 5.7% 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 | $200K | $55K | -72.5% |
2 Bedrooms | $159.9K | $172.5K | +7.9% |
3 Bedrooms | $195K | $210K | +7.7% |
4 Bedrooms | $280K | $309.9K | +10.7% |
5+ Bedrooms | $300K | $345K | +15.0% |
Summary: 49068 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.5%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Zip Codes
49033 | $232K | $290K | +25.0% |
49014 | $169.9K | $202.2K | +19.0% |
49068 | $212.9K | $225K | +5.7% |
Housing Supply in 49068, MI
How many homes are available in 49068, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 57 | -1.7% |
Summary: The 49068 real estate market had 57 homes for sale in March 2024, a 1.7% 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 | 12 | 11 | -8.3% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 14 | 11 | -21.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 49068 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 8.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 49068 in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 31% were sold at asking, and 6% were sold over asking.
Days on Market for 49068, MI
How long does it take to sell a home in 49068, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -11.4% |
Summary: Homes in 49068 had an average of 34 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 49068; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.