Is 49437, 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, 49437 has remained a Seller's Market.
Key Takeaway
49437 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49437, MI
How much do homes in 49437, MI cost?
Median Sold Price
$245,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49437 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 49437 was $245,000 in March 2024, up 6.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $50K | -37.5% |
| 2 Bedrooms | $192.9K | $169.6K | -12.1% |
| 3 Bedrooms | $229.7K | $245K | +6.6% |
| 4 Bedrooms | $241.9K | $299.5K | +23.8% |
| 5+ Bedrooms | $333K | $369.9K | +11.1% |
Summary: 49437 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 49437, MI
How many homes are available in 49437, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The 49437 real estate market had 27 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 49437 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 decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 49437, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49437 in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 49437, MI
How long does it take to sell a home in 49437, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 2 Days | -75.0% |
Summary: Homes in 49437 had an average of 2 days on market in Mar 2024, down by 75% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49437 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 49437; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
