Is 49328, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 49328 is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 49328 was a Buyer's Market.

Key Takeaway

49328 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 49328, MI

How much do homes in 49328, MI cost?

Median Sold Price

$281,450

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$31,450(+12.6%)

Key Takeaway

Homes in 49328 have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in 49328 was $281,450 in February 2024, up 12.6% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $180K-
N/A
2 $250K$296.4K
+18.6%
3 $235K$242.4K
+3.2%
4 $476.5K$300K
-37.0%
5+ $385K$325K
-15.6%

Summary: 49328 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 37%, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

49328
+12.6%
49348
+12.0%
49323
+9.3%

Housing Supply in 49328, MI

How many homes are available in 49328, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
64-33.3%

Summary: The 49328 real estate market had 4 homes for sale in February 2024, a 33.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 42
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 49328 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 49328, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 49328 in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 49328, MI

How long does it take to sell a home in 49328, MI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 49328 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in 49328; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 49328, MI

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