Is 49411, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 49411 has remained a Seller's Market.
Key Takeaway
49411 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49411, MI
How much do homes in 49411, MI cost?
Median Sold Price
$288,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49411 have sold for 34% more than they did a year ago.
Summary: The median home sold price in 49411 was $288,000 in April 2024, up 34% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $175.7K | +203.0% |
| 2 Bedrooms | $260K | $385K | +48.1% |
| 3 Bedrooms | $202.5K | $282.5K | +39.5% |
| 4 Bedrooms | $350K | $294.7K | -15.8% |
| 5+ Bedrooms | $227K | $842.6K | +271.2% |
Summary: 49411 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 203%, 2 bedroom homes increased by 48.1%, 3 bedroom homes increased by 39.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 271.2%.
Housing Supply in 49411, MI
How many homes are available in 49411, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The 49411 real estate market had 9 homes for sale in April 2024, a 28.6% 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 | 6 | 6 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 49411 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49411, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49411 in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49411, MI
How long does it take to sell a home in 49411, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 54 Days | +171.7% |
Summary: Homes in 49411 had an average of 54 days on market in Apr 2024, up by 171.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49411 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 49411; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
