Is 49421, 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, 49421 has remained a Buyer's Market.
Key Takeaway
49421 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49421, MI
How much do homes in 49421, MI cost?
Median Sold Price
$193,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49421 have sold for 17% more than they did a year ago.
Summary: The median home sold price in 49421 was $193,000 in March 2024, up 17% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $121.2K | -40.9% |
| 2 Bedrooms | $155.4K | $145K | -6.7% |
| 3 Bedrooms | $157.5K | $239K | +51.7% |
| 4 Bedrooms | $190K | $245K | +28.9% |
| 5+ Bedrooms | $239.9K | $230K | -4.1% |
Summary: 49421 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.9%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 51.7%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 49421, MI
How many homes are available in 49421, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The 49421 real estate market had 29 homes for sale in March 2024, a 31.8% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49421 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 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49421, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 49421 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 49421, MI
How long does it take to sell a home in 49421, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49421 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 49421; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
