Is 49101, 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, 49101 was a Seller's Market.
Key Takeaway
49101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49101, MI
How much do homes in 49101, MI cost?
Median Sold Price
$411,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49101 have sold for 35.9% more than they did a year ago.
Summary: The median home sold price in 49101 was $411,000 in April 2024, up 35.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | - | N/A |
| 2 Bedrooms | $185K | $132K | -28.6% |
| 3 Bedrooms | $320K | $336K | +5.0% |
| 4 Bedrooms | $526.2K | $452K | -14.1% |
| 5+ Bedrooms | - | $469K | N/A |
Summary: 49101 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.
Housing Supply in 49101, MI
How many homes are available in 49101, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The 49101 real estate market had 8 homes for sale in April 2024, a 14.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49101 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 49101, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 49101 in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 49101, MI
How long does it take to sell a home in 49101, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49101 has remained consistent over time.
Summary: During April 2024, 1 homes were sold in 49101; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
