Is 49509, 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, 49509 has remained a Seller's Market.
Housing Prices in 49509, MI
How much do homes in 49509, MI cost?
Median Sold Price
$243,983
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49509 was $243,983 in March 2024, up 8.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56.9K | $137.5K | +141.7% |
2 Bedrooms | $178K | $202.5K | +13.8% |
3 Bedrooms | $226.9K | $250K | +10.2% |
4 Bedrooms | $241.7K | $267.7K | +10.8% |
5+ Bedrooms | $267.5K | $252.1K | -5.7% |
Summary: 49509 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.7%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 49509, MI
How many homes are available in 49509, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 47 | +6.8% |
Summary: The 49509 real estate market had 47 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 9 | 5 | -44.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 49509 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 49509 in March 2024, up by 33.3% month-over-month. Of the 20 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for 49509, MI
How long does it take to sell a home in 49509, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -48.2% |
Summary: Homes in 49509 had an average of 8 days on market in Mar 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 49509; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.