Is 49221, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49221 has remained a Seller's Market.
Housing Prices in 49221, MI
How much do homes in 49221, MI cost?
Median Sold Price
$185,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49221 was $185,000 in April 2024, down 2.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.4K | $61.6K | -21.4% |
2 Bedrooms | $110K | $130K | +18.2% |
3 Bedrooms | $200K | $182K | -9.0% |
4 Bedrooms | $230.5K | $249.9K | +8.4% |
5+ Bedrooms | $267K | $185K | -30.7% |
Summary: 49221 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Zip Codes
49287 | $302.7K | $318.2K | +5.1% |
49268 | $161.8K | $160.5K | -0.8% |
49221 | $190K | $185K | -2.6% |
49235 | $205.7K | $180K | -12.5% |
Housing Supply in 49221, MI
How many homes are available in 49221, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
122 | 122 | 0.0% |
Summary: The 49221 real estate market had 122 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 | 1 | 0 | -100.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 61 | 60 | -1.6% |
4 Bedrooms | 37 | 39 | +5.4% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 49221 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 49221 in April 2024, up by 9.4% month-over-month. Of the 35 sold homes, 49% were sold under asking, 14% were sold at asking, and 37% were sold over asking.
Days on Market for 49221, MI
How long does it take to sell a home in 49221, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 44 Days | -36.0% |
Summary: Homes in 49221 had an average of 44 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 49221; 34% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.