Is 49442, 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, 49442 has remained a Seller's Market.
Housing Prices in 49442, MI
How much do homes in 49442, MI cost?
Median Sold Price
$154,512
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49442 was $154,512 in March 2024, up 6.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $79.9K | +5.1% |
2 Bedrooms | $109.9K | $123.5K | +12.4% |
3 Bedrooms | $164.9K | $170K | +3.0% |
4 Bedrooms | $160K | $185K | +15.6% |
5+ Bedrooms | $192.4K | $171.5K | -10.9% |
Summary: 49442 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 10.9%.
Housing Supply in 49442, MI
How many homes are available in 49442, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
157 | 135 | -14.0% |
Summary: The 49442 real estate market had 135 homes for sale in March 2024, a 14.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 51 | 43 | -15.7% |
3 Bedrooms | 74 | 63 | -14.9% |
4 Bedrooms | 26 | 22 | -15.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 49442 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15.7%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 42 | -17.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 49442 in March 2024, down by 17.6% month-over-month. Of the 42 sold homes, 45% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for 49442, MI
How long does it take to sell a home in 49442, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 28 Days | -19.2% |
Summary: Homes in 49442 had an average of 28 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in 49442; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.