Is 49201, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49201 has remained a Seller's Market.
Housing Prices in 49201, MI
How much do homes in 49201, MI cost?
Median Sold Price
$245,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49201 was $245,000 in March 2024, up 10% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $43K | -62.6% |
2 Bedrooms | $164K | $163K | -0.6% |
3 Bedrooms | $212K | $235K | +10.8% |
4 Bedrooms | $285K | $315K | +10.5% |
5+ Bedrooms | $374.5K | $375K | 0.1% |
Summary: 49201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.6%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 49201, MI
How many homes are available in 49201, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 105 | +9.4% |
Summary: The 49201 real estate market had 105 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 47 | 50 | +6.4% |
4 Bedrooms | 31 | 30 | -3.2% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 49201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 49201 in March 2024, down by 3.6% month-over-month. Of the 27 sold homes, 37% were sold under asking, 33% were sold at asking, and 30% were sold over asking.
Days on Market for 49201, MI
How long does it take to sell a home in 49201, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 79 Days | +264.2% |
Summary: Homes in 49201 had an average of 79 days on market in Mar 2024, up by 264.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 49201; 26% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.