Is 49106, 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, 49106 was a Buyer's Market.
Housing Prices in 49106, MI
How much do homes in 49106, MI cost?
Median Sold Price
$338,897
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49106 was $338,897 in April 2024, up 5.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $164.9K | $200K | +21.2% |
3 Bedrooms | $284.4K | $329.9K | +16.0% |
4 Bedrooms | $394K | $680K | +72.6% |
5+ Bedrooms | $475K | $585K | +23.2% |
Summary: 49106 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 increased by 21.2%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 72.6%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Zip Codes
49101 | $302.5K | $411K | +35.9% |
49127 | $319K | $336.9K | +5.6% |
49106 | $322K | $338.8K | +5.2% |
Housing Supply in 49106, MI
How many homes are available in 49106, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Summary: The 49106 real estate market had 15 homes for sale in April 2024, a 7.1% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 49106 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 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 49106 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 49106, MI
How long does it take to sell a home in 49106, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 26 Days | -27.1% |
Summary: Homes in 49106 had an average of 26 days on market in Apr 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 49106; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.