Is 49326, 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, 49326 has remained a Seller's Market.
Key Takeaway
49326 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49326, MI
How much do homes in 49326, MI cost?
Median Sold Price
$250,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49326 have sold for 13.8% less than they did a year ago.
Summary: The median home sold price in 49326 was $250,000 in April 2024, down 13.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $133.5K | +11.3% |
| 2 Bedrooms | $195K | $170K | -12.8% |
| 3 Bedrooms | $320K | $263K | -17.8% |
| 4 Bedrooms | $305.2K | $405K | +32.7% |
| 5+ Bedrooms | $380K | $389.2K | +2.4% |
Summary: 49326 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 49326, MI
How many homes are available in 49326, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Summary: The 49326 real estate market had 9 homes for sale in April 2024, a 40.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49326 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 decreased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
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 49326, 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 49326 in April 2024, down by 66.7% 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 49326, MI
How long does it take to sell a home in 49326, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 119 Days | 41 Days | -65.1% |
Summary: Homes in 49326 had an average of 41 days on market in Apr 2024, down by 65.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49326 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 49326; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
