Is 49431, 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, 49431 has remained a Seller's Market.
Housing Prices in 49431, MI
How much do homes in 49431, MI cost?
Median Sold Price
$295,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49431 was $295,000 in March 2024, up 15.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179.5K | $209.5K | +16.7% |
2 Bedrooms | $222.5K | $268K | +20.4% |
3 Bedrooms | $249.9K | $275K | +10.0% |
4 Bedrooms | $315K | $349K | +10.8% |
5+ Bedrooms | $500K | $450K | -10.0% |
Summary: 49431 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Zip Codes
49431 | $256K | $295K | +15.2% |
49454 | $215K | $166.2K | -22.7% |
Housing Supply in 49431, MI
How many homes are available in 49431, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 56 | +1.8% |
Summary: The 49431 real estate market had 56 homes for sale in March 2024, a 1.8% 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 | 8 | 9 | +12.5% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 49431 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 49431 in March 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 49431, MI
How long does it take to sell a home in 49431, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 31 Days | -56.9% |
Summary: Homes in 49431 had an average of 31 days on market in Mar 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 49431; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.