Is 49464, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49464 has remained a Seller's Market.
Housing Prices in 49464, MI
How much do homes in 49464, MI cost?
Median Sold Price
$341,833
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49464 was $341,833 in March 2024, up 0.5% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $204K | $200K | -2.0% |
2 Bedrooms | $264.9K | $245K | -7.5% |
3 Bedrooms | $320K | $315K | -1.6% |
4 Bedrooms | $362.5K | $389.9K | +7.6% |
5+ Bedrooms | $430K | $535K | +24.4% |
Summary: 49464 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 24.4%.
Housing Supply in 49464, MI
How many homes are available in 49464, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Summary: The 49464 real estate market had 43 homes for sale in March 2024, a 6.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 19 | 15 | -21.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 49464 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 49464 in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 49464, MI
How long does it take to sell a home in 49464, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 20 Days | +85.5% |
Summary: Homes in 49464 had an average of 20 days on market in Mar 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 49464; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.