Is 49412, 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, 49412 has remained a Seller's Market.
Key Takeaway
49412 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49412, MI
How much do homes in 49412, MI cost?
Median Sold Price
$235,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49412 have sold for 19.2% more than they did a year ago.
Summary: The median home sold price in 49412 was $235,500 in April 2024, up 19.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.5K | $119.5K | +0.8% |
| 2 Bedrooms | $155K | $180K | +16.1% |
| 3 Bedrooms | $191K | $223.7K | +17.1% |
| 4 Bedrooms | $266K | $282.4K | +6.2% |
| 5+ Bedrooms | $377.5K | $309.5K | -18.0% |
Summary: 49412 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 18%.
Housing Supply in 49412, MI
How many homes are available in 49412, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The 49412 real estate market had 33 homes for sale in April 2024, a 6.5% 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 | 5 | 8 | +60.0% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 49412 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 60%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49412, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 49412 in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 49412, MI
How long does it take to sell a home in 49412, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 36 Days | +5.0% |
Summary: Homes in 49412 had an average of 36 days on market in Apr 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49412 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 49412; 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.
