Is 49329, 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, 49329 has remained a Seller's Market.
Key Takeaway
49329 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49329, MI
How much do homes in 49329, MI cost?
Median Sold Price
$235,450
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49329 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 49329 was $235,450 in April 2024, down 2.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $115.1K | -46.4% |
| 2 Bedrooms | $195K | $219.9K | +12.8% |
| 3 Bedrooms | $242K | $230K | -5.0% |
| 4 Bedrooms | $250K | $250K | 0.0% |
| 5+ Bedrooms | $339K | $254.9K | -24.8% |
Summary: 49329 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.4%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 24.8%.
Median Sold Price Compared To Nearby Zip Codes
| 49343 | $231.2K | $305K | +31.9% |
| 49329 | $240.9K | $235.4K | -2.3% |
Housing Supply in 49329, MI
How many homes are available in 49329, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The 49329 real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49329 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49329, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 49329 in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 49329, MI
How long does it take to sell a home in 49329, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 11 Days | -31.9% |
Summary: Homes in 49329 had an average of 11 days on market in Apr 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49329 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 49329; 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.
