Is 49285, 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, 49285 has remained a Seller's Market.
Housing Prices in 49285, MI
How much do homes in 49285, MI cost?
Median Sold Price
$272,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49285 was $272,000 in April 2024, up 13.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $202.5K | $272K | +34.3% |
3 Bedrooms | $239.4K | $255K | +6.5% |
4 Bedrooms | $253K | $309K | +22.1% |
5+ Bedrooms | $224.9K | $276K | +22.7% |
Summary: 49285 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 34.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 22.7%.
Housing Supply in 49285, MI
How many homes are available in 49285, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Summary: The 49285 real estate market had 13 homes for sale in April 2024, a 31.6% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 6 | 3 | -50.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 49285 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 50%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 49285 in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 49285, MI
How long does it take to sell a home in 49285, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
136 Days | 48 Days | -64.5% |
Summary: Homes in 49285 had an average of 48 days on market in Apr 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 49285; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.