Is 49301, 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, 49301 has remained a Seller's Market.
Housing Prices in 49301, MI
How much do homes in 49301, MI cost?
Median Sold Price
$602,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49301 was $602,500 in April 2024, up 5.2% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $379.9K | $397K | +4.5% |
3 Bedrooms | $390K | $490K | +25.6% |
4 Bedrooms | $565K | $662.5K | +17.3% |
5+ Bedrooms | $695K | $767.5K | +10.4% |
Summary: 49301 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 4.5%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 49301, MI
How many homes are available in 49301, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 66 | +26.9% |
Summary: The 49301 real estate market had 66 homes for sale in April 2024, a 26.9% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The 49301 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 increased by 45.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 49301 in April 2024, up by 33.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 30 Days | +195.2% |
Summary: Homes in 49301 had an average of 30 days on market in Apr 2024, up by 195.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 49301; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.