Is 49453, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 49453 was a Seller's Market.
Key Takeaway
49453 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 49453, MI
How much do homes in 49453, MI cost?
Median Sold Price
$615,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49453 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 49453 was $615,000 in April 2024, up 3.8% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248.5K | $207.5K | -16.5% |
| 2 Bedrooms | $488.6K | $585K | +19.7% |
| 3 Bedrooms | $610K | $555K | -9.0% |
| 4 Bedrooms | $677K | $890K | +31.5% |
| 5+ Bedrooms | $1.0M | $795K | -24.3% |
Summary: 49453 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 24.3%.
Housing Supply in 49453, MI
How many homes are available in 49453, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Summary: The 49453 real estate market had 28 homes for sale in April 2024, a 33.3% increase 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 49453 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 increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49453, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 49453 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 49453, MI
How long does it take to sell a home in 49453, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49453 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 49453; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
