Is 49236, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 49236 was a Seller's Market.
Housing Prices in 49236, MI
How much do homes in 49236, MI cost?
Median Sold Price
$238,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 49236 was $238,000 in February 2024, down 5.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $435K | $125K | -71.3% |
3 Bedrooms | $250K | $248K | -0.8% |
4 Bedrooms | $275K | $241K | -12.4% |
5+ Bedrooms | $270.5K | $257.2K | -4.9% |
Summary: 49236 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 71.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 49236, MI
How many homes are available in 49236, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The 49236 real estate market had 12 homes for sale in February 2024, a 9.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 49236 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 49236 in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49236, MI
How long does it take to sell a home in 49236, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
9 Days | 45 Days | +373.7% |
Summary: Homes in 49236 had an average of 45 days on market in Feb 2024, up by 373.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in 49236; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.