Is 49266, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 49266 was a Seller's Market.
Housing Prices in 49266, MI
How much do homes in 49266, MI cost?
Median Sold Price
$196,450
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49266 was $196,450 in April 2024, down 11.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | $75K | -69.1% |
2 Bedrooms | $200K | $185K | -7.5% |
3 Bedrooms | $221K | $195.9K | -11.4% |
4 Bedrooms | $536.2K | - | N/A |
5+ Bedrooms | - | $267.5K | N/A |
Summary: 49266 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.1%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
49242 | $157.7K | $187.2K | +18.7% |
49271 | $173K | $195.5K | +13.0% |
49266 | $221K | $196.4K | -11.1% |
Housing Supply in 49266, MI
How many homes are available in 49266, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Summary: The 49266 real estate market had 12 homes for sale in April 2024, a 71.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49266 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 49266 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49266, MI
How long does it take to sell a home in 49266, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
212 Days | 40 Days | -81.1% |
Summary: Homes in 49266 had an average of 40 days on market in Apr 2024, down by 81.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 49266; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.