Is 49304, 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, 49304 has remained a Buyer's Market.
Key Takeaway
49304 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49304, MI
How much do homes in 49304, MI cost?
Median Sold Price
$134,900
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49304 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 49304 was $134,900 in April 2024, up 5.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $83.7K | +23.2% |
| 2 Bedrooms | $85K | $122.2K | +43.8% |
| 3 Bedrooms | $172.5K | $139.9K | -18.9% |
| 4 Bedrooms | $126K | $307.4K | +144.0% |
| 5+ Bedrooms | $335K | $536K | +60.0% |
Summary: 49304 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 43.8%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes increased by 144%, and 5+ bedroom homes increased by 60%.
Housing Supply in 49304, MI
How many homes are available in 49304, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The 49304 real estate market had 38 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49304 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 2 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49304, 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 49304 in April 2024, down by 85.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 49304, MI
How long does it take to sell a home in 49304, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 99 Days | +1558.3% |
Summary: Homes in 49304 had an average of 99 days on market in Apr 2024, up by 1558.3% compared to last year.
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 49304 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 49304; 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.
