Is 49455, 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, 49455 has remained a Buyer's Market.
Key Takeaway
49455 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 49455, MI
How much do homes in 49455, MI cost?
Median Sold Price
$210,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49455 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 49455 was $210,000 in April 2024, up 12.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $102.5K | +23.5% |
| 2 Bedrooms | $233.9K | $176K | -24.8% |
| 3 Bedrooms | $177K | $271K | +53.1% |
| 4 Bedrooms | $450K | $185K | -58.9% |
| 5+ Bedrooms | $325K | $143.5K | -55.8% |
Summary: 49455 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 53.1%, 4 bedroom homes decreased by 58.9%, and 5+ bedroom homes decreased by 55.8%.
Housing Supply in 49455, MI
How many homes are available in 49455, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The 49455 real estate market had 15 homes for sale in April 2024, a 15.4% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 49455 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 33.3%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49455, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 49455 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 49455, MI
How long does it take to sell a home in 49455, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 4 Days | -77.8% |
Summary: Homes in 49455 had an average of 4 days on market in Apr 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49455 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in 49455; 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.
