Is 49534, 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, 49534 has remained a Seller's Market.
Housing Prices in 49534, MI
How much do homes in 49534, MI cost?
Median Sold Price
$335,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49534 was $335,000 in March 2024, up 8.1% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $160K | -35.0% |
2 Bedrooms | $255K | $259.2K | +1.6% |
3 Bedrooms | $300K | $335K | +11.7% |
4 Bedrooms | $360K | $389.9K | +8.3% |
5+ Bedrooms | $495K | $472.5K | -4.5% |
Summary: 49534 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in 49534, MI
How many homes are available in 49534, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 34 | +21.4% |
Summary: The 49534 real estate market had 34 homes for sale in March 2024, a 21.4% 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 | 8 | +33.3% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 49534 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 49534 in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for 49534, MI
How long does it take to sell a home in 49534, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 10 Days | -62.3% |
Summary: Homes in 49534 had an average of 10 days on market in Mar 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 49534; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.