Is 49338, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49338 has remained a Seller's Market.
Key Takeaway
49338 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49338, MI
How much do homes in 49338, MI cost?
Median Sold Price
$197,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49338 have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in 49338 was $197,000 in March 2024, up 14.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.6K | $150K | +62.0% |
| 2 Bedrooms | $149.9K | $185K | +23.4% |
| 3 Bedrooms | $190K | $220K | +15.8% |
| 4 Bedrooms | $175K | $174.9K | -0.1% |
| 5+ Bedrooms | - | $225K | N/A |
Summary: 49338 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes did not change.
Housing Supply in 49338, MI
How many homes are available in 49338, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Summary: The 49338 real estate market had 3 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49338 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49338, 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 49338 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49338, MI
How long does it take to sell a home in 49338, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 51 Days | +53.7% |
Summary: Homes in 49338 had an average of 51 days on market in Mar 2024, up by 53.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49338 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 49338; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
