Is 49614, 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, 49614 has remained a Seller's Market.
Key Takeaway
49614 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49614, MI
How much do homes in 49614, MI cost?
Median Sold Price
$222,250
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49614 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 49614 was $222,250 in March 2024, up 1.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $180K | $135K | -25.0% |
| 3 Bedrooms | $240K | $210K | -12.5% |
| 4 Bedrooms | $191.9K | $296.5K | +54.5% |
| 5+ Bedrooms | - | $392.4K | N/A |
Summary: 49614 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes did not change.
Housing Supply in 49614, MI
How many homes are available in 49614, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 49614 real estate market had 9 homes for sale in March 2024, a 10.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 49614 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49614, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in 49614 in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 49614, MI
How long does it take to sell a home in 49614, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Day | 35 Days | +3400.0% |
Summary: Homes in 49614 had an average of 35 days on market in Mar 2024, up by 3400% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 49614 has remained consistent over time.
Summary: During March 2024, 2 homes were sold in 49614; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
