Is 49321, 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, 49321 has remained a Seller's Market.
Key Takeaway
49321 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49321, MI
How much do homes in 49321, MI cost?
Median Sold Price
$301,750
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49321 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 49321 was $301,750 in April 2024, up 5.2% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $177K | +20.0% |
| 2 Bedrooms | $225K | $234.5K | +4.2% |
| 3 Bedrooms | $288K | $301.2K | +4.6% |
| 4 Bedrooms | $335K | $326K | -2.7% |
| 5+ Bedrooms | $365K | $360K | -1.4% |
Summary: 49321 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 49321, MI
How many homes are available in 49321, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Summary: The 49321 real estate market had 26 homes for sale in April 2024, a 52.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 49321 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49321, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 49321 in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 49321, MI
How long does it take to sell a home in 49321, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +23.7% |
Summary: Homes in 49321 had an average of 10 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49321 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 49321; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
