Is 49348, 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, 49348 has remained a Seller's Market.
Housing Prices in 49348, MI
How much do homes in 49348, MI cost?
Median Sold Price
$315,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49348 was $315,000 in March 2024, up 8.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $225K | $260K | +15.6% |
3 Bedrooms | $280K | $309.9K | +10.7% |
4 Bedrooms | $305K | $334.9K | +9.8% |
5+ Bedrooms | $305K | $394.2K | +29.3% |
Summary: 49348 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 29.3%.
Housing Supply in 49348, MI
How many homes are available in 49348, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 31 | -13.9% |
Summary: The 49348 real estate market had 31 homes for sale in March 2024, a 13.9% decrease 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 | 7 | 4 | -42.9% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49348 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 decreased by 42.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 49348 in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 49348, MI
How long does it take to sell a home in 49348, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 18 Days | -72.7% |
Summary: Homes in 49348 had an average of 18 days on market in Mar 2024, down by 72.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 49348; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.