Is 49452, 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, 49452 has remained a Seller's Market.
Key Takeaway
49452 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49452, MI
How much do homes in 49452, MI cost?
Median Sold Price
$180,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49452 have sold for 10% less than they did a year ago.
Summary: The median home sold price in 49452 was $180,000 in March 2024, down 10% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146.5K | - | N/A |
| 2 Bedrooms | $145K | $275K | +89.7% |
| 3 Bedrooms | $239.5K | $169K | -29.4% |
| 4 Bedrooms | $207.5K | $146.5K | -29.4% |
| 5+ Bedrooms | $300K | $425K | +41.7% |
Summary: 49452 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 89.7%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 41.7%.
Housing Supply in 49452, MI
How many homes are available in 49452, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Summary: The 49452 real estate market had 3 homes for sale in March 2024, a 57.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49452 housing inventory by bedroom type for March 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 60%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 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
Key Takeaway
If you're buying a home in 49452, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 49452 in March 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 49452, MI
How long does it take to sell a home in 49452, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +18.0% |
Summary: Homes in 49452 had an average of 24 days on market in Mar 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49452 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 49452; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
