Is 49525, 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, 49525 has remained a Seller's Market.
Housing Prices in 49525, MI
How much do homes in 49525, MI cost?
Median Sold Price
$341,125
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49525 was $341,125 in March 2024, up 8.3% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $198K | +66.4% |
2 Bedrooms | $220K | $246.2K | +11.9% |
3 Bedrooms | $286K | $330K | +15.4% |
4 Bedrooms | $435K | $395.1K | -9.2% |
5+ Bedrooms | $669.9K | $650.7K | -2.9% |
Summary: 49525 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 49525, MI
How many homes are available in 49525, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 61 | +24.5% |
Summary: The 49525 real estate market had 61 homes for sale in March 2024, a 24.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 9 | 19 | +111.1% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 49525 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 111.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 49525 in March 2024, up by 5.9% month-over-month. Of the 18 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 49525, MI
How long does it take to sell a home in 49525, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 24 Days | -23.5% |
Summary: Homes in 49525 had an average of 24 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 49525; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.