Is 49274, 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, 49274 was a Seller's Market.
Key Takeaway
49274 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49274, MI
How much do homes in 49274, MI cost?
Median Sold Price
$175,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49274 have sold for 18% more than they did a year ago.
Summary: The median home sold price in 49274 was $175,000 in April 2024, up 18% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | $141.5K | +1.8% |
| 2 Bedrooms | $130K | $221.5K | +70.4% |
| 3 Bedrooms | $185K | $145K | -21.6% |
| 4 Bedrooms | $185K | $232.5K | +25.7% |
| 5+ Bedrooms | $187K | $133.5K | -28.6% |
Summary: 49274 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 70.4%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Zip Codes
| 49227 | $171.5K | $227.5K | +32.7% |
| 49242 | $157.7K | $187.2K | +18.7% |
| 49274 | $148.2K | $175K | +18.0% |
| 49255 | $140K | $129.9K | -7.2% |
Housing Supply in 49274, MI
How many homes are available in 49274, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The 49274 real estate market had 13 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 49274 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 decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
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 49274, 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 49274 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 49274, MI
How long does it take to sell a home in 49274, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49274 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 49274; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
