Is 49099, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 49099 was a Seller's Market.
Key Takeaway
49099 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49099, MI
How much do homes in 49099, MI cost?
Median Sold Price
$235,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49099 have sold for 16% more than they did a year ago.
Summary: The median home sold price in 49099 was $235,500 in April 2024, up 16% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $185K | +236.4% |
| 2 Bedrooms | $122K | $150.5K | +23.4% |
| 3 Bedrooms | $182K | $188K | +3.3% |
| 4 Bedrooms | $275K | $607.5K | +120.9% |
| 5+ Bedrooms | $460K | $535K | +16.3% |
Summary: 49099 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236.4%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 120.9%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Zip Codes
| 49099 | $203K | $235.5K | +16.0% |
| 49091 | $174.9K | $184K | +5.2% |
| 49042 | $196K | $180K | -8.2% |
Housing Supply in 49099, MI
How many homes are available in 49099, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The 49099 real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 49099 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49099, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49099 in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49099, MI
How long does it take to sell a home in 49099, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 52 Days | 0.0% |
Summary: Homes in 49099 had an average of 52 days on market in Apr 2024, the same as last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49099 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 49099; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
