Is 49097, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49097 has remained a Seller's Market.
Housing Prices in 49097, MI
How much do homes in 49097, MI cost?
Median Sold Price
$276,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49097 was $276,000 in April 2024, up 5.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.5K | $20.2K | -80.4% |
2 Bedrooms | $153.9K | $185K | +20.2% |
3 Bedrooms | $245K | $269.9K | +10.2% |
4 Bedrooms | $307K | $301.5K | -1.8% |
5+ Bedrooms | $292.5K | $450K | +53.8% |
Summary: 49097 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.4%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 53.8%.
Housing Supply in 49097, MI
How many homes are available in 49097, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Summary: The 49097 real estate market had 41 homes for sale in April 2024, a 12.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49097 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 49097 in April 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 62% were sold at asking, and 15% were sold over asking.
Days on Market for 49097, MI
How long does it take to sell a home in 49097, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
144 Days | 43 Days | -70.1% |
Summary: Homes in 49097 had an average of 43 days on market in Apr 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 49097; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.