Is 49091, 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, 49091 has remained a Seller's Market.
Key Takeaway
49091 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49091, MI
How much do homes in 49091, MI cost?
Median Sold Price
$183,135
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49091 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 49091 was $183,135 in March 2024, up 7.7% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $82.2K | -25.3% |
| 2 Bedrooms | $120K | $135.9K | +13.3% |
| 3 Bedrooms | $171K | $184K | +7.6% |
| 4 Bedrooms | $224K | $237.5K | +6.0% |
| 5+ Bedrooms | $220K | $354.3K | +61.1% |
Summary: 49091 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 61.1%.
Median Sold Price Compared To Nearby Zip Codes
| 49032 | $160K | $194.9K | +21.8% |
| 49030 | $165.5K | $180K | +8.8% |
| 49091 | $170K | $183.1K | +7.7% |
| 49042 | $198K | $180K | -9.1% |
Housing Supply in 49091, MI
How many homes are available in 49091, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 61 | +19.6% |
Summary: The 49091 real estate market had 61 homes for sale in March 2024, a 19.6% increase 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 49091 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 9.1%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49091, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 49091 in March 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for 49091, MI
How long does it take to sell a home in 49091, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 31 Days | -41.3% |
Summary: Homes in 49091 had an average of 31 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49091 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 49091; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
