Is 49519, 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, 49519 has remained a Seller's Market.
Housing Prices in 49519, MI
How much do homes in 49519, MI cost?
Median Sold Price
$274,900
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49519 was $274,900 in March 2024, up 10% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $129.9K | +7.4% |
2 Bedrooms | $200K | $205K | +2.5% |
3 Bedrooms | $250K | $275K | +10.0% |
4 Bedrooms | $285K | $299.5K | +5.1% |
5+ Bedrooms | $285K | $395K | +38.6% |
Summary: 49519 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 38.6%.
Housing Supply in 49519, MI
How many homes are available in 49519, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 30 | -14.3% |
Summary: The 49519 real estate market had 30 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 20 | 13 | -35.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 49519 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 25%, 3 bedroom homes decreased by 35%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 49519 in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 49519, MI
How long does it take to sell a home in 49519, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 96 Days | +207.0% |
Summary: Homes in 49519 had an average of 96 days on market in Mar 2024, up by 207% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 49519; 75% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.