Is 49428, 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, 49428 has remained a Seller's Market.
Key Takeaway
49428 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49428, MI
How much do homes in 49428, MI cost?
Median Sold Price
$348,337
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49428 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 49428 was $348,337 in April 2024, up 10.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $207.5K | -10.2% |
| 2 Bedrooms | $217.7K | $224.5K | +3.1% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $347.5K | $384K | +10.5% |
| 5+ Bedrooms | $450K | $400K | -11.1% |
Summary: 49428 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in 49428, MI
How many homes are available in 49428, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 70 | +4.5% |
Summary: The 49428 real estate market had 70 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 49428 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 31 | +55.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49428, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 49428 in April 2024, up by 55.0% month-over-month. Of the 31 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for 49428, MI
How long does it take to sell a home in 49428, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 38 Days | +102.7% |
Summary: Homes in 49428 had an average of 38 days on market in Apr 2024, up by 102.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49428 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 49428; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
