Is 49546, 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, 49546 has remained a Seller's Market.
Key Takeaway
49546 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49546, MI
How much do homes in 49546, MI cost?
Median Sold Price
$443,250
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 49546 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 49546 was $443,250 in April 2024, up 7.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $207K | +21.8% |
| 2 Bedrooms | $229.9K | $259K | +12.7% |
| 3 Bedrooms | $349.9K | $379.9K | +8.6% |
| 4 Bedrooms | $492.4K | $526K | +6.8% |
| 5+ Bedrooms | $562.5K | $694K | +23.4% |
Summary: 49546 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 23.4%.
Housing Supply in 49546, MI
How many homes are available in 49546, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 80 | +25.0% |
Summary: The 49546 real estate market had 80 homes for sale in April 2024, a 25.0% 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 | 6 | 10 | +66.7% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The 49546 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 66.7%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49546, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 49546 in April 2024, up by 55.6% month-over-month. Of the 28 sold homes, 32% were sold under asking, 11% were sold at asking, and 57% were sold over asking.
Days on Market for 49546, MI
How long does it take to sell a home in 49546, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +29.0% |
Summary: Homes in 49546 had an average of 10 days on market in Apr 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 49546 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 49546; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
