Is 49548, 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, 49548 has remained a Seller's Market.
Housing Prices in 49548, MI
How much do homes in 49548, MI cost?
Median Sold Price
$230,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 49548 was $230,000 in March 2024, up 9.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $160.5K | 0.3% |
2 Bedrooms | $184.5K | $195K | +5.7% |
3 Bedrooms | $225K | $248K | +10.2% |
4 Bedrooms | $250K | $267.4K | +7.0% |
5+ Bedrooms | $260K | $299K | +15.0% |
Summary: 49548 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 15%.
Housing Supply in 49548, MI
How many homes are available in 49548, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Summary: The 49548 real estate market had 56 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 22 | 19 | -13.6% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 49548 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 49548 in March 2024, up by 20.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for 49548, MI
How long does it take to sell a home in 49548, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 19 Days | -39.5% |
Summary: Homes in 49548 had an average of 19 days on market in Mar 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 49548; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.