Is 49457, 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, 49457 has remained a Seller's Market.
Housing Prices in 49457, MI
How much do homes in 49457, MI cost?
Median Sold Price
$278,900
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 49457 was $278,900 in April 2024, up 7.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $162.7K | -45.8% |
2 Bedrooms | $183.9K | $221.4K | +20.4% |
3 Bedrooms | $244.5K | $277.9K | +13.7% |
4 Bedrooms | $289.9K | $315K | +8.6% |
5+ Bedrooms | $345K | $336K | -2.6% |
Summary: 49457 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 49457, MI
How many homes are available in 49457, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 37 | 0.0% |
Summary: The 49457 real estate market had 37 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 11 | 7 | -36.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49457 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 remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 49457 in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 49457, MI
How long does it take to sell a home in 49457, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 47 Days | +112.6% |
Summary: Homes in 49457 had an average of 47 days on market in Apr 2024, up by 112.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 49457; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.