Is 49319, 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, 49319 has remained a Seller's Market.
Key Takeaway
49319 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49319, MI
How much do homes in 49319, MI cost?
Median Sold Price
$295,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49319 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 49319 was $295,000 in April 2024, up 5.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $300K | +215.8% |
| 2 Bedrooms | $185K | $212.4K | +14.8% |
| 3 Bedrooms | $257K | $285K | +10.9% |
| 4 Bedrooms | $311.5K | $337K | +8.2% |
| 5+ Bedrooms | $345K | $425K | +23.2% |
Summary: 49319 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 215.8%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 23.2%.
Housing Supply in 49319, MI
How many homes are available in 49319, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The 49319 real estate market had 41 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 49319 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 increased by 50%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49319, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 49319 in April 2024, up by 80.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for 49319, MI
How long does it take to sell a home in 49319, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 24 Days | +212.5% |
Summary: Homes in 49319 had an average of 24 days on market in Apr 2024, up by 212.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49319 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in 49319; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
