Is 49265, 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, 49265 has remained a Seller's Market.
Key Takeaway
49265 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49265, MI
How much do homes in 49265, MI cost?
Median Sold Price
$310,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49265 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 49265 was $310,000 in April 2024, up 3.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $87.5K | N/A |
| 2 Bedrooms | $179K | $195K | +8.9% |
| 3 Bedrooms | $285K | $299K | +4.9% |
| 4 Bedrooms | $420K | $400.4K | -4.7% |
| 5+ Bedrooms | $567.5K | $554K | -2.4% |
Summary: 49265 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 49265, MI
How many homes are available in 49265, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The 49265 real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49265 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 increased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49265, 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 49265 in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 49265, MI
How long does it take to sell a home in 49265, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 69 Days | +3360.0% |
Summary: Homes in 49265 had an average of 69 days on market in Apr 2024, up by 3360% compared to last year.
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 49265 has remained consistent over time.
Summary: During April 2024, 5 homes were sold in 49265; 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.
