Is 49203, 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, 49203 has remained a Seller's Market.
Housing Prices in 49203, MI
How much do homes in 49203, MI cost?
Median Sold Price
$166,680
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49203 was $166,680 in March 2024, up 11.1% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.5K | $107K | +43.6% |
2 Bedrooms | $120K | $127.2K | +6.0% |
3 Bedrooms | $154K | $173.6K | +12.8% |
4 Bedrooms | $209.9K | $201.9K | -3.8% |
5+ Bedrooms | $231K | $260K | +12.6% |
Summary: 49203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in 49203, MI
How many homes are available in 49203, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 135 | +8.9% |
Summary: The 49203 real estate market had 135 homes for sale in March 2024, a 8.9% 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 | 30 | 33 | +10.0% |
3 Bedrooms | 62 | 59 | -4.8% |
4 Bedrooms | 19 | 26 | +36.8% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The 49203 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 10%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 33 | +3.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 49203 in March 2024, up by 3.1% month-over-month. Of the 33 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for 49203, MI
How long does it take to sell a home in 49203, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 54 Days | +43.5% |
Summary: Homes in 49203 had an average of 54 days on market in Mar 2024, up by 43.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 49203; 33% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.