Is 49451, 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, 49451 has remained a Seller's Market.
Housing Prices in 49451, MI
How much do homes in 49451, MI cost?
Median Sold Price
$261,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49451 was $261,000 in April 2024, up 4.9% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | - | N/A |
2 Bedrooms | $239K | $259.9K | +8.7% |
3 Bedrooms | $224K | $228.7K | +2.1% |
4 Bedrooms | $280K | $294.2K | +5.1% |
5+ Bedrooms | $331K | $280K | -15.4% |
Summary: 49451 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Zip Codes
49451 | $248.7K | $261K | +4.9% |
49442 | $145K | $150.8K | +4.0% |
Housing Supply in 49451, MI
How many homes are available in 49451, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The 49451 real estate market had 12 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49451 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 decreased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 49451 in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49451, MI
How long does it take to sell a home in 49451, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 5 Days | -71.7% |
Summary: Homes in 49451 had an average of 5 days on market in Apr 2024, down by 71.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 49451; 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.