Is 49441, 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, 49441 has remained a Seller's Market.
Housing Prices in 49441, MI
How much do homes in 49441, MI cost?
Median Sold Price
$220,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49441 was $220,000 in March 2024, up 4.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $75K | -46.4% |
2 Bedrooms | $170K | $183K | +7.6% |
3 Bedrooms | $205.3K | $225K | +9.6% |
4 Bedrooms | $262K | $280.7K | +7.1% |
5+ Bedrooms | $314.5K | $295.5K | -6.0% |
Summary: 49441 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 6%.
Housing Supply in 49441, MI
How many homes are available in 49441, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 126 | +2.4% |
Summary: The 49441 real estate market had 126 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 29 | 25 | -13.8% |
3 Bedrooms | 55 | 52 | -5.5% |
4 Bedrooms | 32 | 40 | +25.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 49441 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 47 | +46.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 49441 in March 2024, up by 46.9% month-over-month. Of the 47 sold homes, 40% were sold under asking, 32% were sold at asking, and 28% were sold over asking.
Days on Market for 49441, MI
How long does it take to sell a home in 49441, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 42 Days | +26.1% |
Summary: Homes in 49441 had an average of 42 days on market in Mar 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in 49441; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.