Is 49271, 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, 49271 has remained a Seller's Market.
Key Takeaway
49271 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49271, MI
How much do homes in 49271, MI cost?
Median Sold Price
$195,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49271 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 49271 was $195,500 in April 2024, up 13% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55.7K | $186K | +233.6% |
| 3 Bedrooms | $197K | $143K | -27.4% |
| 4 Bedrooms | $178.5K | $198.5K | +11.2% |
| 5+ Bedrooms | $370K | $404.9K | +9.4% |
Summary: 49271 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 233.6%, 3 bedroom homes decreased by 27.4%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Zip Codes
| 49271 | $173K | $195.5K | +13.0% |
| 49247 | $165K | $147K | -10.9% |
| 49266 | $221K | $196.4K | -11.1% |
Housing Supply in 49271, MI
How many homes are available in 49271, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The 49271 real estate market had 9 homes for sale in April 2024, a 25.0% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49271 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 decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49271, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49271 in April 2024, down by 60.0% 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 49271, MI
How long does it take to sell a home in 49271, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 208 Days | 32 Days | -84.4% |
Summary: Homes in 49271 had an average of 32 days on market in Apr 2024, down by 84.4% 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
Key Takeaway
Many homes in 49271 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 49271; 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.
