Is 49424, 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, 49424 has remained a Seller's Market.
Housing Prices in 49424, MI
How much do homes in 49424, MI cost?
Median Sold Price
$354,133
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49424 was $354,133 in March 2024, up 7.3% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188.7K | $195K | +3.3% |
2 Bedrooms | $240K | $270K | +12.5% |
3 Bedrooms | $316.5K | $347K | +9.6% |
4 Bedrooms | $359.9K | $407.5K | +13.2% |
5+ Bedrooms | $579.9K | $586.4K | +1.1% |
Summary: 49424 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 49424, MI
How many homes are available in 49424, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 117 | +14.7% |
Summary: The 49424 real estate market had 117 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 43 | 43 | 0.0% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The 49424 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 26.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 36 | +28.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 49424 in March 2024, up by 28.6% month-over-month. Of the 36 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% were sold over asking.
Days on Market for 49424, MI
How long does it take to sell a home in 49424, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 45 Days | +78.2% |
Summary: Homes in 49424 had an average of 45 days on market in Mar 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 49424; 53% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.