Is 49125, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 49125 has remained a Seller's Market.
Housing Prices in 49125, MI
How much do homes in 49125, MI cost?
Median Sold Price
$437,000
$293/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 49125 was $437,000 in April 2024, down 4.5% from last month, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $515K | $138K | -73.2% |
3 Bedrooms | $400K | $614.5K | +53.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $495K | N/A |
Summary: 49125 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 73.2%, 3 bedroom homes increased by 53.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 49125, MI
How many homes are available in 49125, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The 49125 real estate market had 16 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 49125 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 49125 in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49125, MI
How long does it take to sell a home in 49125, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 37 Days | -54.1% |
Summary: Homes in 49125 had an average of 37 days on market in Apr 2024, down by 54.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 49125; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.