Is 49337, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 49337 was a Seller's Market.
Key Takeaway
49337 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49337, MI
How much do homes in 49337, MI cost?
Median Sold Price
$249,900
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49337 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 49337 was $249,900 in April 2024, up 6.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $132.8K | -8.4% |
| 2 Bedrooms | $210K | $205K | -2.4% |
| 3 Bedrooms | $241.9K | $248.7K | +2.8% |
| 4 Bedrooms | $270K | $400K | +48.1% |
| 5+ Bedrooms | $372.5K | $412.6K | +10.8% |
Summary: 49337 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 49337, MI
How many homes are available in 49337, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 62 | +44.2% |
Summary: The 49337 real estate market had 62 homes for sale in April 2024, a 44.2% 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 | 14 | 16 | +14.3% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 49337 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 14.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49337, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49337 in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market for 49337, MI
How long does it take to sell a home in 49337, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 27 Days | +365.0% |
Summary: Homes in 49337 had an average of 27 days on market in Apr 2024, up by 365% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49337 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in 49337; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.