Is 49512, 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, 49512 has remained a Seller's Market.
Key Takeaway
49512 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49512, MI
How much do homes in 49512, MI cost?
Median Sold Price
$338,282
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49512 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 49512 was $338,282 in April 2024, up 4.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $207.4K | +5.3% |
| 2 Bedrooms | $208K | $207.5K | -0.2% |
| 3 Bedrooms | $320K | $332.6K | +4.0% |
| 4 Bedrooms | $373.5K | $397.5K | +6.4% |
| 5+ Bedrooms | $551.1K | $504.5K | -8.5% |
Summary: 49512 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in 49512, MI
How many homes are available in 49512, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 45 | +40.6% |
Summary: The 49512 real estate market had 45 homes for sale in April 2024, a 40.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 8 | +166.7% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 5 | 13 | +160.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 49512 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 166.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 160%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49512, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 49512 in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 49512, MI
How long does it take to sell a home in 49512, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 15 Days | -70.6% |
Summary: Homes in 49512 had an average of 15 days on market in Apr 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49512 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 49512; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
