Is 49228, 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, 49228 has remained a Seller's Market.
Key Takeaway
49228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49228, MI
How much do homes in 49228, MI cost?
Median Sold Price
$179,900
$128/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 49228 have sold for 32.4% more than they did a month ago.
Summary: The median home sold price in 49228 was $179,900 in April 2024, up 32.4% from last month, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | - | N/A |
| 2 Bedrooms | $80K | $158.5K | +98.1% |
| 3 Bedrooms | $183.2K | $267.9K | +46.2% |
| 4 Bedrooms | - | $229K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 49228 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 increased by 98.1%, 3 bedroom homes increased by 46.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49228 | $135.9K | $179.9K | +32.4% |
| 49248 | $123K | $94.9K | -22.8% |
Housing Supply in 49228, MI
How many homes are available in 49228, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The 49228 real estate market had 12 homes for sale in April 2024, a 25.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49228 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49228, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 49228 in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for 49228, MI
How long does it take to sell a home in 49228, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 51 Days | -2.4% |
Summary: Homes in 49228 had an average of 51 days on market in Apr 2024, down by 2.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49228 has remained consistent over time.
Summary: During April 2024, 5 homes were sold in 49228; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
