Is 49251, 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, 49251 has remained a Seller's Market.
Housing Prices in 49251, MI
How much do homes in 49251, MI cost?
Median Sold Price
$200,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49251 was $200,000 in April 2024, up 0.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68.7K | $271K | +294.2% |
2 Bedrooms | $135K | $137.5K | +1.9% |
3 Bedrooms | $190K | $200K | +5.3% |
4 Bedrooms | $275K | $210K | -23.6% |
5+ Bedrooms | $147.2K | $319.9K | +117.3% |
Summary: 49251 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 294.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 23.6%, and 5+ bedroom homes increased by 117.3%.
Median Sold Price Compared To Nearby Zip Codes
49272 | $240K | $289.5K | +20.6% |
49251 | $199K | $200K | 0.5% |
49277 | $260K | $260K | 0.0% |
Housing Supply in 49251, MI
How many homes are available in 49251, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Summary: The 49251 real estate market had 15 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49251 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 49251 in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 49251, MI
How long does it take to sell a home in 49251, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 34 Days | -68.6% |
Summary: Homes in 49251 had an average of 34 days on market in Apr 2024, down by 68.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 49251; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.