Is 49327, 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, 49327 has remained a Seller's Market.
Key Takeaway
49327 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49327, MI
How much do homes in 49327, MI cost?
Median Sold Price
$226,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49327 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 49327 was $226,000 in April 2024, up 1.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $241.5K | $74.9K | -69.0% |
| 2 Bedrooms | $185K | $173K | -6.5% |
| 3 Bedrooms | $235K | $219K | -6.8% |
| 4 Bedrooms | $245K | $267.9K | +9.4% |
| 5+ Bedrooms | $330K | $335K | +1.5% |
Summary: 49327 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 49327, MI
How many homes are available in 49327, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The 49327 real estate market had 25 homes for sale in April 2024, a 38.9% increase 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49327 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 75%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49327, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49327 in April 2024, up by 400.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 49327, MI
How long does it take to sell a home in 49327, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 103 Days | 41 Days | -60.3% |
Summary: Homes in 49327 had an average of 41 days on market in Apr 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49327 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in 49327; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
