Is 49456, 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, 49456 has remained a Seller's Market.
Key Takeaway
49456 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49456, MI
How much do homes in 49456, MI cost?
Median Sold Price
$394,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49456 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 49456 was $394,000 in April 2024, up 6.5% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $194.5K | -38.7% |
| 2 Bedrooms | $289.9K | $258.2K | -10.9% |
| 3 Bedrooms | $365K | $344.7K | -5.5% |
| 4 Bedrooms | $397.4K | $516.4K | +29.9% |
| 5+ Bedrooms | $623.5K | $593.9K | -4.7% |
Summary: 49456 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.7%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 49456, MI
How many homes are available in 49456, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 86 | -4.4% |
Summary: The 49456 real estate market had 86 homes for sale in April 2024, a 4.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The 49456 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 6.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 19 | -42.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49456, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 49456 in April 2024, down by 42.4% month-over-month. Of the 19 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for 49456, MI
How long does it take to sell a home in 49456, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 17 Days | -70.1% |
Summary: Homes in 49456 had an average of 17 days on market in Apr 2024, down by 70.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49456 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 49456; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
