Is 49444, 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, 49444 has remained a Seller's Market.
Housing Prices in 49444, MI
How much do homes in 49444, MI cost?
Median Sold Price
$155,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49444 was $155,000 in April 2024, up 14.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98K | $122.7K | +25.2% |
2 Bedrooms | $75K | $92K | +22.7% |
3 Bedrooms | $156.7K | $171.8K | +9.6% |
4 Bedrooms | $232.5K | $270K | +16.1% |
5+ Bedrooms | $439.9K | $407.2K | -7.4% |
Summary: 49444 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 49444, MI
How many homes are available in 49444, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 82 | -6.8% |
Summary: The 49444 real estate market had 82 homes for sale in April 2024, a 6.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 25 | 25 | 0.0% |
3 Bedrooms | 39 | 37 | -5.1% |
4 Bedrooms | 12 | 8 | -33.3% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 49444 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 18 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 49444 in April 2024, down by 40.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.
Days on Market for 49444, MI
How long does it take to sell a home in 49444, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 26 Days | -55.6% |
Summary: Homes in 49444 had an average of 26 days on market in Apr 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 49444; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.