Is 49445, 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, 49445 has remained a Seller's Market.
Key Takeaway
49445 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49445, MI
How much do homes in 49445, MI cost?
Median Sold Price
$259,950
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49445 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 49445 was $259,950 in April 2024, up 8.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $143.5K | +64.9% |
| 2 Bedrooms | $188.7K | $193K | +2.3% |
| 3 Bedrooms | $231K | $246.5K | +6.7% |
| 4 Bedrooms | $275K | $319.9K | +16.3% |
| 5+ Bedrooms | $380K | $425K | +11.8% |
Summary: 49445 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 49445, MI
How many homes are available in 49445, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 64 | +6.7% |
Summary: The 49445 real estate market had 64 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 39 | 30 | -23.1% |
| 4 Bedrooms | 13 | 20 | +53.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49445 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49445, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 49445 in April 2024, the same as the previous month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for 49445, MI
How long does it take to sell a home in 49445, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 36 Days | -33.3% |
Summary: Homes in 49445 had an average of 36 days on market in Apr 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49445 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 49445; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
