Is 49341, 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, 49341 has remained a Seller's Market.
Housing Prices in 49341, MI
How much do homes in 49341, MI cost?
Median Sold Price
$422,083
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49341 was $422,083 in March 2024, up 6.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.4K | $330K | +5.6% |
2 Bedrooms | $262K | $248.5K | -5.2% |
3 Bedrooms | $340K | $370K | +8.8% |
4 Bedrooms | $425K | $462.4K | +8.8% |
5+ Bedrooms | $527K | $591K | +12.1% |
Summary: 49341 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in 49341, MI
How many homes are available in 49341, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 92 | +15.0% |
Summary: The 49341 real estate market had 92 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 49341 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 18 | -28.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 49341 in March 2024, down by 28.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for 49341, MI
How long does it take to sell a home in 49341, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 22 Days | -31.2% |
Summary: Homes in 49341 had an average of 22 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 49341; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.