Is 49242, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49242 was a Seller's Market.
Housing Prices in 49242, MI
How much do homes in 49242, MI cost?
Median Sold Price
$185,250
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49242 was $185,250 in March 2024, up 16.9% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $152.5K | +77.3% |
2 Bedrooms | $125K | $177.4K | +42.0% |
3 Bedrooms | $156.5K | $189.5K | +21.1% |
4 Bedrooms | $201K | $194K | -3.5% |
5+ Bedrooms | $285K | $173.5K | -39.1% |
Summary: 49242 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.3%, 2 bedroom homes increased by 42%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 39.1%.
Housing Supply in 49242, MI
How many homes are available in 49242, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 48 | 0.0% |
Summary: The 49242 real estate market had 48 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 49242 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 49242 in March 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for 49242, MI
How long does it take to sell a home in 49242, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
1 Days | 83 Days | +4887.5% |
Summary: Homes in 49242 had an average of 83 days on market in Mar 2024, up by 4887.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 49242; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.