Is 49083, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 49083 was a Seller's Market.
Housing Prices in 49083, MI
How much do homes in 49083, MI cost?
Median Sold Price
$335,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 49083 was $335,000 in February 2024, down 9.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | - | N/A |
2 Bedrooms | $315K | $318K | +1.0% |
3 Bedrooms | $289.9K | $292.5K | +0.9% |
4 Bedrooms | $425K | $352.5K | -17.1% |
5+ Bedrooms | $600K | $551K | -8.2% |
Summary: 49083 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 1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in 49083, MI
How many homes are available in 49083, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
36 | 43 | +19.4% |
Summary: The 49083 real estate market had 43 homes for sale in February 2024, a 19.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 49083 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 increased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 49083 in February 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 49083, MI
How long does it take to sell a home in 49083, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
88 Days | 114 Days | +29.5% |
Summary: Homes in 49083 had an average of 114 days on market in Feb 2024, up by 29.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 49083; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.