Is 49418, 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, 49418 has remained a Seller's Market.
Housing Prices in 49418, MI
How much do homes in 49418, MI cost?
Median Sold Price
$359,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49418 was $359,000 in March 2024, up 9.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $316.2K | -25.6% |
2 Bedrooms | $240K | $260K | +8.3% |
3 Bedrooms | $305K | $325K | +6.6% |
4 Bedrooms | $383.5K | $380K | -0.9% |
5+ Bedrooms | $441.5K | $479.5K | +8.6% |
Summary: 49418 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 49418, MI
How many homes are available in 49418, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 66 | +13.8% |
Summary: The 49418 real estate market had 66 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 28 | 24 | -14.3% |
4 Bedrooms | 15 | 22 | +46.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 49418 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 increased by 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 49418 in March 2024, down by 18.2% month-over-month. Of the 18 sold homes, 6% were sold under asking, 39% were sold at asking, and 56% were sold over asking.
Days on Market for 49418, MI
How long does it take to sell a home in 49418, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 18 Days | -63.1% |
Summary: Homes in 49418 had an average of 18 days on market in Mar 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 49418; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.