Is 49309, 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, 49309 has remained a Seller's Market.
Key Takeaway
49309 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49309, MI
How much do homes in 49309, MI cost?
Median Sold Price
$122,500
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49309 have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in 49309 was $122,500 in April 2024, down 5.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $125K | +42.1% |
| 2 Bedrooms | $150K | $99.9K | -33.4% |
| 3 Bedrooms | $131.4K | $245K | +86.4% |
| 4 Bedrooms | $315K | $180K | -42.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49309 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes decreased by 33.4%, 3 bedroom homes increased by 86.4%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 49304 | $127.9K | $134.9K | +5.4% |
| 49309 | $130K | $122.5K | -5.8% |
| 49459 | $165.5K | $150K | -9.4% |
Housing Supply in 49309, MI
How many homes are available in 49309, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The 49309 real estate market had 17 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 49309 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49309, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49309 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49309, MI
How long does it take to sell a home in 49309, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 147 Days | 68 Days | -53.5% |
Summary: Homes in 49309 had an average of 68 days on market in Apr 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49309 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 49309; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
