Is 49417, 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, 49417 has remained a Seller's Market.
Key Takeaway
49417 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49417, MI
How much do homes in 49417, MI cost?
Median Sold Price
$352,487
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49417 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 49417 was $352,487 in April 2024, up 7.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $390K | +83.1% |
| 2 Bedrooms | $227K | $278.5K | +22.7% |
| 3 Bedrooms | $305K | $326K | +6.9% |
| 4 Bedrooms | $410K | $404.5K | -1.3% |
| 5+ Bedrooms | $488K | $489.9K | 0.4% |
Summary: 49417 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.1%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 49417, MI
How many homes are available in 49417, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 114 | +23.9% |
Summary: The 49417 real estate market had 114 homes for sale in April 2024, a 23.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 23 | 31 | +34.8% |
| 3 Bedrooms | 36 | 45 | +25.0% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 49417 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49417, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 49417 in April 2024, up by 19.2% month-over-month. Of the 31 sold homes, 16% were sold under asking, 26% were sold at asking, and 58% were sold over asking.
Days on Market for 49417, MI
How long does it take to sell a home in 49417, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 46 Days | +408.2% |
Summary: Homes in 49417 had an average of 46 days on market in Apr 2024, up by 408.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49417 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 49417; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
