Housing Prices in 49116, MI
How much do homes in 49116, MI cost?
Median List Price
$1,087,000
$634/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in 49116 has decreased by 9.4% since last year.
Summary: The median home list price in 49116 was $1,087,000 in April 2024, down 9.4% from the previous year, and the median price per square foot was $634.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $579K | +28.7% |
| 3 Bedrooms | $1.6M | $745K | -56.0% |
| 4 Bedrooms | $899K | $1.2M | +41.8% |
| 5+ Bedrooms | $4.5M | $6.5M | +44.4% |
Summary: 49116 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 28.7%, 3 bedroom homes decreased by 56%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes increased by 44.4%.
Housing Supply in 49116, MI
How many homes are available in 49116, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The 49116 real estate market had 7 homes for sale in April 2024, a 75.0% 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 | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49116 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 increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Days on Market for 49116, MI
How long does it take to sell a home in 49116, MI?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 153 Days | +50.8% |
Summary: Homes in 49116 had an average listing age of 153 days in Apr 2024, up by 50.8% compared to the previous year.
