Is 49071, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 49071 has remained a Seller's Market.
Housing Prices in 49071, MI
How much do homes in 49071, MI cost?
Median Sold Price
$339,950
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 49071 was $339,950 in February 2024, up 4.6% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $93.5K | $250K | +167.4% |
3 Bedrooms | $287K | $289.9K | +1.0% |
4 Bedrooms | $350K | $357.3K | +2.1% |
5+ Bedrooms | $505K | $575K | +13.9% |
Summary: 49071 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 167.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 49071, MI
How many homes are available in 49071, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The 49071 real estate market had 24 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 49071 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 49071 in February 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 49071, MI
How long does it take to sell a home in 49071, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
13 Days | 35 Days | +158.5% |
Summary: Homes in 49071 had an average of 35 days on market in Feb 2024, up by 158.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in 49071; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.