Is 49301, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49301 has remained a Seller's Market.
Housing Prices in 49301, MI
How much do homes in 49301, MI cost?
Median Sold Price
$600,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49301 was $600,000 in March 2024, up 4% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $408K | $397K | -2.7% |
3 Bedrooms | $429.2K | $490K | +14.2% |
4 Bedrooms | $562.5K | $631K | +12.2% |
5+ Bedrooms | $700K | $760K | +8.6% |
Summary: 49301 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 49301, MI
How many homes are available in 49301, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 59 | +22.9% |
Summary: The 49301 real estate market had 59 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 49301 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 49301 in March 2024, down by 21.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for 49301, MI
How long does it take to sell a home in 49301, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 14 Days | -63.7% |
Summary: Homes in 49301 had an average of 14 days on market in Mar 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 49301; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.