Is 49250, 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, 49250 was a Seller's Market.
Housing Prices in 49250, MI
How much do homes in 49250, MI cost?
Median Sold Price
$187,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49250 was $187,000 in March 2024, up 5.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $77.3K | -58.2% |
2 Bedrooms | $79K | $102K | +29.1% |
3 Bedrooms | $178.5K | $191K | +7.0% |
4 Bedrooms | $265K | $187.4K | -29.3% |
5+ Bedrooms | $230K | $248.2K | +7.9% |
Summary: 49250 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.2%, 2 bedroom homes increased by 29.1%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Zip Codes
49241 | $146K | $283.5K | +94.2% |
49242 | $158.4K | $185.2K | +16.9% |
49250 | $177.5K | $187K | +5.4% |
Housing Supply in 49250, MI
How many homes are available in 49250, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Summary: The 49250 real estate market had 12 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49250 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 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 49250 in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49250, MI
How long does it take to sell a home in 49250, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 39 Days | +431.8% |
Summary: Homes in 49250 had an average of 39 days on market in Mar 2024, up by 431.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 49250; 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.