Is 49460, 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, 49460 has remained a Seller's Market.
Key Takeaway
49460 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49460, MI
How much do homes in 49460, MI cost?
Median Sold Price
$434,900
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49460 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 49460 was $434,900 in April 2024, down 3.1% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $317K | $320K | +0.9% |
| 3 Bedrooms | $425K | $420K | -1.2% |
| 4 Bedrooms | $483.7K | $534.9K | +10.6% |
| 5+ Bedrooms | $574.9K | $640K | +11.3% |
Summary: 49460 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in 49460, MI
How many homes are available in 49460, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The 49460 real estate market had 25 homes for sale in April 2024, a 31.6% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 49460 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 remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49460, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 49460 in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 49460, MI
How long does it take to sell a home in 49460, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | -2.7% |
Summary: Homes in 49460 had an average of 12 days on market in Apr 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
5 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 49460 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in 49460; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
