Is 49305, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 49305 was a Seller's Market.
Housing Prices in 49305, MI
How much do homes in 49305, MI cost?
Median Sold Price
$120,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49305 was $120,000 in March 2024, up 1.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $70K | -41.7% |
2 Bedrooms | $108.9K | $125K | +14.7% |
3 Bedrooms | $108K | $135K | +25.0% |
4 Bedrooms | $619.5K | $197.4K | -68.1% |
5+ Bedrooms | $280K | - | N/A |
Summary: 49305 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.7%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 68.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
49332 | $166.5K | $173.5K | +4.2% |
49305 | $118K | $120K | +1.7% |
Housing Supply in 49305, MI
How many homes are available in 49305, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Summary: The 49305 real estate market had 16 homes for sale in March 2024, a 14.3% 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 | 6 | 8 | +33.3% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49305 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 49305 in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49305, MI
How long does it take to sell a home in 49305, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
178 Days | 104 Days | -41.3% |
Summary: Homes in 49305 had an average of 104 days on market in Mar 2024, down by 41.3% 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
Summary: During March 2024, 2 homes were sold in 49305; 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.