Is 49340, 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, 49340 was a Seller's Market.
Key Takeaway
49340 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 49340, MI
How much do homes in 49340, MI cost?
Median Sold Price
$182,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49340 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 49340 was $182,000 in April 2024, up 7.1% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.7K | $15K | -87.9% |
| 2 Bedrooms | $83.9K | $119K | +41.8% |
| 3 Bedrooms | $197.4K | $182K | -7.8% |
| 4 Bedrooms | $199.5K | $317.5K | +59.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 49340 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 87.9%, 2 bedroom homes increased by 41.8%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes did not change.
Housing Supply in 49340, MI
How many homes are available in 49340, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The 49340 real estate market had 12 homes for sale in April 2024, a 20.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49340 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49340, 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 49340 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 49340, MI
How long does it take to sell a home in 49340, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 49 Days | -26.1% |
Summary: Homes in 49340 had an average of 49 days on market in Apr 2024, down by 26.1% 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 49340 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 49340; 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.
