Is 49093, 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, 49093 has remained a Seller's Market.
Housing Prices in 49093, MI
How much do homes in 49093, MI cost?
Median Sold Price
$208,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 49093 was $208,000 in February 2024, up 4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $183.5K | +129.4% |
2 Bedrooms | $142K | $145K | +2.1% |
3 Bedrooms | $200K | $195K | -2.5% |
4 Bedrooms | $245K | $258K | +5.3% |
5+ Bedrooms | $327.5K | $287K | -12.4% |
Summary: 49093 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Zip Codes
49093 | $200K | $208K | +4.0% |
49072 | $175K | $169.9K | -2.9% |
49067 | $187.4K | $169.9K | -9.4% |
Housing Supply in 49093, MI
How many homes are available in 49093, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 56 | -3.4% |
Summary: The 49093 real estate market had 56 homes for sale in February 2024, a 3.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 49093 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 decreased by 10%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 49093 in February 2024, up by 8.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 49093, MI
How long does it take to sell a home in 49093, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
94 Days | 25 Days | -73.4% |
Summary: Homes in 49093 had an average of 25 days on market in Feb 2024, down by 73.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in 49093; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.